Facebook is a technology company and a social utility. Facebook is growing at 225k users per day and doubling every six months. The new users are coming from people over the age of 25. Mostly users outside the US (uk and canada dominate the international distribution). Over 50% of users return each day. 60 billion pages every day.
The official definition: Social Graph is the network of connections that exist through which people communicate and share information. Applications like photos and events are examples that leverage the social graph. Dave highlights that the Events App (written by Mark Zuckerberg in 8 hours one night) on Facebook is dwarfing evite because of the social graph and the network effects.
Facebook will be open for developers and users. I wonder what this means.??? Facebook is a young company and I think that they will do the right thing in making it ‘really open’. As Tim O’Reilly says whoever makes the developer money will win the platform war. Right now Tim says that Facebook is a subsystem of the Internet platform. If they make the right moves on the developer front they can win the platform war.
New features will harness the fact that Facebook is moving toward a metric of engagement. New opportunities? Three things important to Facebook: managing the growth, get to engagement apps and metrics, and monetization on these new social patterns.
Dave says that Facebook has 90,000 developers and growing. Facebook is excited and humbled by the outpouring of support from developers. Another interesting stat – 80% of users have adopted at least one application.