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Tech blogger Robert Scoble on the transformation of the Facebook founder and business model of the social-networking website.
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Facebook's value really come from.
Is it all but possible information they have on their uses rackspace dot com tech blogger Robert Scoble is Syria would more on this.
About Robert.
Good thanks for joining is again Mikey I'm expressing an opinion -- I say that the future value of FaceBook is not so much the ads that they attract is not I don't think that's it.
I think it's the sale of the postal information which they are able to accumulate because they got what 800 million users what are you -- I.
I disagree a little bit they're building a new kind of media company one where the media comes to you based on what you -- -- you click like on the New York Jets you're gonna see more media about the New York Jets.
And make it worse than that right there's all these new apps that are hooked into the FaceBook data centers for instance I have an -- -- that's -- shipping this morning.
And let's say I'd take got Ted state dinner teens in New York for instance which -- real -- when -- -- -- and -- and April.
And let's say I don't like.
That state dinner that we're having in and share the photo everybody who want to me on FaceBook we'll see that we're having dinner together we'll see that steak dinner that we're having.
But then advertisers like let's say Omaha steaks wants to get to us -- -- they can target -- -- around the world.
Yeah and they know exactly who -- today and making a little ad targeting the world have never seen.
But -- making my point.
That's precisely -- the kind of information which FaceBook can and will collect any does collect.
And you can slice it and you could -- suits seeking give a terrific profile of view and I.
And sell laughed as anonymous information just like Google is doing surely that's a huge future source of revenue.
Absolutely stunning and that's why them the that that's why investors are slobbering over themselves.
To get into this -- -- that you know I'd like a piece of it they're gonna become outlet a hundred billion dollar valuation.
What's so we hear yet I've got a quick question for July as a -- book as a CEO all of a publicly traded company which is of all the different role.
From back -- of private to him is start up -- guy.
When I first started hanging out with them in 2008 he was very -- very unsure of himself this is not the same Zuckerberg -- today today -- very on on massive.
He's very he's hiring use.
You all -- world I mean.
Which it would have happily happily I hung out what you do have dinner with -- occasionally -- -- -- -- we.
Went to the world economic apartment hung -- for three hours that -- into separate years and I've I've seen many times of the years and got with press count that's.
-- totally different person he was.
-- of -- is thinking can be a nailed down CE a little bit.
You know can he do that's -- -- I.
-- you went to the latest press conference is that he was on the ads on message of Steve Jobs -- I'm.
In this is somebody -- very confidant.
He's very worldly you learn how to speak Chinese than last year and and and now it's trying to break open that market although I was talking to cut -- lead over the weekend that time who used to run Google China.
And he doesn't believe that he's going to be able again -- but maybe take some of -- five billion dollars they're gonna raise and -- by a Chinese company gets access that market.
I think that that might be -- -- strategy -- -- think about.
Not Robert -- you drop a lot of names in the last two and a half minutes and that's OK that's OK that's that this Virginia for Erica thanks very much indeed rob was against --
