Regulating Social Media

Before we start running headlong at this topic, like participants in the annual Cheese Rolling festival at Cooper’s Hill (with similar consequences), let us first consider definition:

Social media, to my mind, includes the likes of Facebook, Twitter, MySpace (owned by Justin Timberlake – who’d have thought it?), Foursquare et al. Linkedin’s a sticky one – business social media, anyone? (It’s like ‘business casual’ – a concept that no-one really understands and no-one gets right. Ever.)

Digital Media – again, to my mind – includes email, instant messaging, blogs and corporate, business or personal websites.

Therefore – social media is a subset of digital media. This is important, because in all the hysteria that’s tsunamied up around social media as the new Jesus, there is a tendency to apply the term ‘social media’ to anything to do with t’internet in or on which some hapless sap is expressing an opinion. A corporate blog is NOT social media. This blog – lovely, bijou and jejeune though it is – is NOT social media. Instant messaging – in its traditional and most basic form – is NOT social media.

One more thought then, before we rush off into the weeds of the regulation of social media debate – is Blackberry Messenger social media (because you CAN form groups, and add statuses – statii? – share pictures etc) or is it, as a glorified instant messenger, digital media and thus a less insidious thing altogether? Simply, you might say, a method of communication – like email, telephone, fax, telegraph, post or a bloke in a loincloth with a piece of parchment in a cleft stick? (Bring back cleft sticks!)

And this is important, because – clearly – what’s driving this post is the recent events in London, and the allegation that riots and looting were organised on Twitter and Blackberry Messenger. Now this is clearly horseshit. As Sophy Silver of Facebook said in a recent PR Week supplement on reputation management – “a house party that gets out of hand is not a ‘Facebook party’ – it is just a house party”. In the same way that riots in London are not Facebook riots or Twitter riots or Blackberry riots – they are simply riots, occasioned by the feral, primitive, selfish urges of the uneducated, immoral, lumpen few. In the not-very-distant past, they’d have used ‘phones to organise their neanderthal, simian rampages – yet no-one would have called for the telephone network to be more stringently regulated.

And now I read that David Cameron is to call representatives of Twitter, Facebook and Blackberry to the House of Commons to discuss “stop(ping) people communicating via these websites and services when we know they are plotting violence, disorder and criminality”. What he’s talking about – in the bigger scheme of things – is regulating the internet.

Another voice, advocating roughly the same thing, but for different reasons and from a different viewpoint, is Anthony Hilton, City Commentator on the Evening Standard (London) and writing in PR Week. (Sorry, you’ll have to subscribe to the website to see the article.) In brief, he’s saying that the internet allows for anyone to broadcast what they like, without any sort of filter – the filter that traditional media (journalists) provide.

See, here’s the thing. I actually agree with Cameron and Hilton. I feel there should be regulation of the internet. There’s too much shite that goes on for it to be unregulated. There’s no recourse, d’you see, no comeback. There’s anonymity, which allows any charlatan to charlat about without a care in the world. It’s irresponsible.

But, and here’s another of those things. It’s arguably too late. Someone should have regulated the internet in 1996, when is started to go mainstream. But they didn’t and now – unles you’re the UAE, where your population are used to being told to stop what they’re doing and get in line – you can’t just bring in random firewalls and prohibitions. It’s fine for the boy turd Zuckerberg to say that ‘privacy is no longer the norm’, and it may, in some senses, be true, but it’s not what people want.

People want privacy, they want anonymity – mainly because it’s a right and because it allows them to live their lives the way they want to without being put under a spotlight and sold insurance and instant whip via cold calls and doordrops – but also so they can hide behind it when they are phishing, spamming and trolling.

I want privacy and anonymity.

Luckily, real, effective regulation of the internet is probably an impossibility. That being said, I was talking to an Enterprise Risk professional the other day – and one of his major concerns in terms of threats facing business today was the ease with which rumour, falsehood and propaganda can be spread via the internet (social media especially) and the potentially enormous audiences that are available for this rumour, falsehood and propaganda.

His solution? A type of global identity card. If you want to use the internet, you will have one identity and one identity only. Every time you launch your browser, you will be greeted by a pop-up screen – let’s call it Global Authentication Portal (get into the GAP!) – into which you will have to type your identity and password.  (Probably a one-time password to prevent identity theft.) From then on, everything you do on the internet will be recorded (not monitored necessarily – but recorded) and should you be a rioter organising a riot, and you are caught, this internet record would be used to bring you to justice. As an alternative scenario – if you are a nasty troll, persecuting someone on Facebook, and you persecute them to death, again your internet record will show your responsibility.

And as I listened to this, I thought – what a marvellous idea. And then I realised that some form of authority would have to run the GAP, and that, undoubtedly that authority would not be able to resist using the internet records of all the world’s internet users for its own ends.

You see, regulation of the internet is a laudable goal. But it will take away privacy and anonymity and will bring us one step further towards Orwell’s 1984. (Which, obviously, was 27 years ago.)

And just imagine the Facebook riots that would take place when the GAP was announced.

Journalists Prefer Traditional Comms – Pope Has Balcony Etc Etc

From the hallowed pages of PR Week (issue dated July 22, cover price £57.32) comes this story – and story it is, for no – disbelievers all – the Week has not made it up, oh no, they let Broadgate Mainland(*) make it up for them – t’Week has simply reported it. They’ll make journalists yet.

(* Meisters of Financial Spin of the parish of Old London Town.)

Anyway, before I got so wildly carried away, I meant, bloggy snorkellers mine, to post the link. No, of course you won’t. You’ll simply see if you can make head or tail of the post without going anywhere near the colourful linkey of doom. Wet, is what you are. That being said, maybe there is an Arthurian trotter amongst you and for that brave Templar I provide this – the Holy Link of Har Megiddo. Carefully now – swish and click – obliviate!

(Warning. I am sorry, faithful followers, but in an almost Murdockian stylee, PR Week will wish you to subscribe before you read the article. You may not wish for PR Week to be your horcrux, however, at least, not while there are still pesky kids around.)

So, the article. In brief, it says that while UK corporates are doing more social, a survey of financial journalists (and I think we can take that to mean journalists, period) reveals traditional comms channels remain the more important media relations tools. That’s what it says – ‘more important tools’. With 81% of the 100 surveyed saying that they prefer to receive stories via email, I’d say ‘most important tools’, wouldn’t you?

In other bears-defecating-in-the-woods- type revelations, only 11% thought Facebook was an appropriate corporate comms channel and 97% researched companies via their corporate websites. (Incidentally, a truly spiffing photocaption for the article’s illustration of Zuckerberg’s monster – “‘Inappropriate’ Facebook”.)

So, it’s official. Journalists prefer to get their stories off real people, in real time, via targetted communication. Unsurprisingly.

Other stats in the article included the 38% of FTSE100 companies signing up to Facebook (up from 25% six months ago) and the 56% running a corporate Twitter account (up from 40% in December). And we know why they’re doing this. Mostly peer pressure and a misguided desire to be ‘down with the kids’ and to have their very own shiny object. And, as I’ve said before – if you’re an airline, then Twitter is useful for updating your customers. If you’re a firm of management consultants it is wholly inappropriate (like Facebook). In the case of most of the FTSE100, it is wholly inappropriate.

Just sayin’.

Social Media Measurement – And The Point Is?

As I was dancing on the outer edges of the internet (to the sounds of popular American beat combo, My Chemical Romance, since you ask) I nearly did myself a mischief as this loomed out of the webspace and into my face. It’s a piece from a splendid site called O’Leary Analytics, which is run by one Stephen O’Leary, out in Ireland, and it is an analysis of social media activity around Oxegene, a yearly festival of young people’s music (probably all bippidy and boppidy and incomprehensible – no tunes these days, d’you see) that took place at Punchestown Racecourse in Co Kildare earlier this month.

Now you are lazy and reticent blog snorkellers so and ye are, but ye will not be understanding the thrust of my post, if you do not and read the analysis on the original internet. So, wands out – swish and click – engorgio!

So, anyway, I’m not going through this with a fine-tooth comb – you can do that for yourselves – but there are a few things that I’d say. Firstly, as a piece of work, it’s efficient and workmanlike and goes to show that it’s not all about the quality of the conversation, it’s also about hard numbers, mentions, tweets and re-tweets.

Unfortunately – while this is all well and good – it is brought up badly short on three fronts. Firstly – erm, so what? 391 comments on a Facebook post! Great! But what did people actually DO with the information they got? Anything? Or were they just prime examples of what I believe is called the Greater Internet Fuckwad Theory?

I’m guessing we’ll never know.

Second – well, putting it bluntly, as a serious sponsor, do we think that Vodafone will be happy with 338 (total) mentions? No. But they actually won’t give a flying leprechaun’s shillelagh, because they won’t have been focused on social – they’ll have been focused on making their sponsorship work for them in real time. Social will have been nothing more than something to monitor for potential issues (see Greater Internet F*ckwad Theory, above). 

Third and here’s the thing. Oxegene Facebook page – 200,000 fans. 114 posts by page administrators. Each one with an average 31 comments and 117 likes. Roughly 3,500 comments, roughly 11,000 ‘likes’ (how lazy, can’t be bothered to write anything so press the ‘like’ button in a half-arsed apathetic sort of a way). So where were the other 185,000 fans while all this was going on? Eh?

What I’d really like to know is, of the people who bought tickets for Oxegene, how many of them were prompted to do so by social media. Or, as I suspect, were the ticket buyers drawn to it by the fact that it was live and outside and face-to-face, while the Facebook fanboys and girls were kept away by the fact that it was – erm – live and outside and face-to-face.

Social – it doesn’t deliver anything, really. Does it?

Social Media – Just Say ‘No’

OK, OK – keep your hair on. It’s only a headline, dear. For effect, dear. Yes, dear.

Obviously, I don’t mean ‘no’ – what I mean is ‘oh alright, but only if you really, really have to.’ (Engage in a bit of social, that is.) Reading my newspaper (my copy of the newspaper, obviously – I’m not some Murdoch-alike here) yesterday and drifted over a wee piece about some company’s social media policy (what do you mean ‘policy?’ Yes, you do need one, yes, it should be draconian and yes, it does apply to everyone) and the vaguely humorous conclusion the journalist had drawn was that the overall message was, simply, ‘don’t’.

(This drawn from what was, in effect, a long list of rules – don’t criticise the company or its competitors, don’t insult management or colleagues, don’t post on behalf of the company, don’t hide your identity if you ARE posting about your work – the list went on and on and on.)

Thing is, of course, while it was supposed to be humorous, it is, of course, true. If you are a company with a hard-won reputation, you do not want it pissed up the wall by some employee who’s very good at attaching spangle brackets to flange clips but who, when it comes to understanding boundaries and the nuances of self-expression, well……..not so much. (This is a sort of meta-metaphor as I fully understand that hardly any of you, blog trotters mine, are involved in the spangle-bracket-and-flange-clip industry. Despite it being, I am sure, a dynamic growth sector.)

Thus, arguably, spending days and weeks formulating a corporate social media policy, with all the guidelines, rules and strictures that it necessarily must have, then going through the approval and enrolment process and then attempting to instil it in your staff from president to postboy – well, it’s probably a waste of time, isn’t it. Like it or not, you’re not going to catch everyone and, of those you do, not all are going to understand what you’re telling them.

I meant – do you actually know what you’re dealing with? You want to have a rummage around the back of Facebook and see the sort of thing you dig up. This is why Vodafone had to clean up its Twitter feed after it fell victim to a twat, and why Dixons/PC World had to take down a Facebook group entitled (something along the lines of) ‘Our Customers – What A Bunch of Culture Secretaries’.

You see on recent evidence, even the professional communicators cannot get it right. Cue PR advisor to some manufacturer of electronic games (if, indeed, Duke Nukem can be included in the sunlit and carefree category that is ‘game’) who used his 140 to threaten bloggers who gave his client’s product a bad review. I take it that this guy wasn’t a numpty and had had some success on the field of PR – but he got it wrong. Going back to our metaphorical spangle-bracket attacher, what chance does he (or she – but I tend to associate spangle brackets with he) actually have.

Nope, my convictions are firm and remain unchanged – by all means noodle with social if you feel you must, but do it sensibly. And in a corporate context, for the bulk of your employees, the answer has to be no. No way, no how, no never. And the punishment for breaking the rules needs to be frightening. More frightening than, say, Rebekah Brooks.

Lies, Damn’ Lies and Social Media Statistics

Another day, another hefty dollop of horseshit about how the social media conversation is changing, irrevocably, life as we know it. (While I’m here, big up to Danny Rogers, the ‘editor’ of PR Week, for this phrase ‘Increasingly one hears that ‘PR is the new advertising’ or ‘conversational content is now king”. On so many different levels, blog trotters mine, on so many different levels. He goes on to say that we need some stats to confirm what we suspected – don’t tar me with your cavalier ‘we’, Danny – as if stats could actually prove that ‘conversational content’, whatever the living crap that is when it’s at home, is indeed ‘king’, another nebulous and completely immeasurable concept. Anyway, the whole stats thing is what’s driving this post, so let’s proceed, shall we?)

Today’s merde de cheval du jour is from the Not PR Week (some may say that this is a good thing),  Communicate Magazine – you may visit its hallowed portal here – swish and flick – crucio!

Anyhoo, it’s an article entitled Fit to Print (which is, indeed, in the print version of the magazine but not, strangely, available online) and it’s about how ‘social media has fundamentally changed online communications over the last few years.’ Backed up by a wodge of statistics – here’s a few examples:

  • 90% more journalists use social media than in 2010
  • Tumblr’s referrals to news sites increase 350% in past year
  • The Independent has seen referrals from Facebook grown (sic) 680% year on year, whilst Twitter referrals have increased 250%

The problem – obviously, I don’t have to point this out, I know, but let’s pretend that there’s one lone blog snorkeller out there who’s maybe just a soupcon less incandescently bright than the rest of us – is that the stats are meaningless. An increase of 350%? Enormous! Unless your starting point was one, or two. In which case it would be up to three and a half, or seven. (I think. Maths never was my forte.) You see, without hard numbers, it’s impossible to tell. And if people are making it difficult for me to see the full picture well – forgive me – I get a little suspicious.

Even when the stats are reasonably clear cut, there’s something not right about it. Read!

“Visits to news and media sites from social networks have increased by 80% in three years up to March 2011, and in that period social networks have gone from providing6.26% of total traffic to news and media sites to providing 11.33%.”

Great! My comment would be that news and media sites are on t’internet, and part of t’digital age. Thus, really, you got to expect that a proportion of their traffic would come from social media, which are also internet-based and part of the much-vaunted digital age. In fact, you’d be forgiven for expecting that the proportion of traffic provided by social networks – if they’re the phenomena everyone says they are – would be CONSIDERABLY FUCKING MORE THAN A MANGY 11.33%. Just sayin’.

Thank God, however, that Communicate magazine got digital content agency Zone to ‘dramatise the findings’.  Interesting choice of words. ‘Dramatise’. Implies making a story out of something. A fiction.

Which is exactly what I remain convinced the hype around social media actually is.

Corporate Communications – Trends for 2011

I don’t really know what I was doing, publishing an overview of communications trends for 2011 – and here’s the good bit – more than halfway through 2011. I was either bored, or labouring under delusions of grandeur and importance, or I was temporarily insane. Possibly for tax reasons. In any case, I’ve just re-visited this post and, with my delusional grandiose Hat of Importance on my head, it is actually quite good.

And it stands up for 2017, also. I’m brilliant, me.

It has been a mighty long time, blog trotters mine, a mighty long time. I’d like to say that it’s because I’ve been doing something incredibly exciting, dangerous and isolated for the last however many months it has been since my last post – like single-handedly piloting a spaceship to Venus, without either lights or a radio, or breaking the world record for lying immobile and silent in a flotation tank.

But, of course, I haven’t. Simply been busy, mind on other stuff, d’you see.

Anyway, without further ado, guess what is the most popular post on my blog? Actually, that’s unfair, it would take you days to trawl through all the posts and even then you’d still be guessing, so I will go ahead and tell you – it’s this.

It seems there are a lot of people out there looking for guidance as to where the Corp Comms industry is going – so desperate are they for answers, any answers, that they’ll even read my blog which, as my faithful followers will attest, is to be found sticking, damply, to the bottom of the internet’s barrel.

Today, therefore, I am – without any source material, without any proof points and without any visible means of support – going to bring you what I believe to be the current Corporate Communications trends in 2011. I think publishing this on July 15 gives you ample amounts of year left in which to follow my trends, slavishly. (It’s very important that they are followed slavishly. Makes all the difference.)

1) Social media. Despite my best efforts and those of the small band of underground Luddites like me, social is showing no signs of going away, and I am afraid, sickening though it is, we are going to have to participate. I myself have just updated the Twitter account that I have never used since I opened it in 2009, and I am going to have a right good twat, when I can think of something useful to contribute. What is interesting, however, is that when we talk about social, we no longer, necessarily, mean Facebook, as even the most weak-minded amongst us is beginning to realise that Zuckerberg is an odious turd who simply wants to control. (Parellels between Murdoch and Zuckerberg anyone?)

The role social media plays in a corporate context will, of course, depend on what sort of corporate you are. Simply put – if you’re an airline, then Twitter is good for twatterating about your routes and your schedules. If you are a global firm of accountants, no amount of Facebooking is going to make you interesting. Know your audience, know yourself, take approriate action.

2) Austerity is with us every waking, breathing day – things are not getting better (unless you’re the Scots couple who won £161m on Monday – why have they waived their right to anonymity? Why?) and it looks like it might get worse – so if you’re talking to the end user, empathise with them and – if you can – give them something. They will love you for it. Especially if it’s beer, or pizza or a free holiday. Do not underestimate the shallow needs of the impoverished.

3) Also driven by austerity is the need for inclusion – we’re all in this together, even if we’re not – so when formulating comms plans, be part of the group you’re talking to, think the things they’re thinking, watch the stuff they’re watching, eat the food they’re eating. This maybe very nasty, if your medium is the Daily Mail, but trust me, no-one’s listening to stuff that doesn’t come from within.

4) Austerity, the threat of a winter of discontent, rising fuel prices (incidentally, if – dear reader – you work for an energy company and you’re searching for a way to make your company/executives look good – I’m sorry, you are a reprehensible reptile and there is nothing for you here), rising taxes, perhaps even rising interest rates – we need something to snigger at. Do communicate with humour, there’s a chap – it should be clever and whimsical and it should make ’em laugh.

5) Transparency is an old ideal, but let’s remind ourselves that without transparency, you don’t have trust and without trust you don’t have any sort of relationship. More and more important these days – we’re all feeling threatened, we’re all worried about the future and no-one’s goingto be loyal to anyone or anything unless they’re certain it’s clean, and they can see what makes it tick. And if you feel you can’t be transparent then, for goodness sake, go away and clean yourself up until you can.

6) Working together – another much-vaunted ideal – but one that’s still conspicuous by its absence. what it means is simply eschewing the cult of the ego, realising that it doesn’t matter where the idea comes from if the idea is the right one and all pulling together to make it effective. That’s PR and advertising and marketing and direct mail and digital. It also means being polite to each other and playing nicely. This way, everyone’s interest is served. Honest.

So this is where I think we’re going in 2011. I’d be interested to know what others (anyone?) think.

Told You So.

Now, dearest blog trotters, I am not one to say ‘I told you so’. Nope. Hold my tongue and never take pleasure in other people’s discomfiture, those are my watchphrases. (Is discomfiture a word? Or a sort of anti-fruit preserve?)

Anyway. I told you so. Oh yes I did.

Here’s the headline – ‘Facebook won’t become e-commerce force, analyst says.’ And here’s the link:

Told you so.

Mealtime Communication

Following on from yesterday’s food-fuelled diatribe about the importance of the idea and not its provenance, here’s another foray into gastronomic thinking around issues communicantes.

For background, you’ll have to look at this, a post from TechCrunch by the gloriously-named MG Siegler. (Mr., Mrs., or Ms. Siegler, I salute you and your fabulous name.)

However, because I know that you won’t, slothful blog trotters all, let me just pique your appetite with the tempting hint that it’s about the old and thorny issue of mobile ‘phones at the dinner table. Yes? Or no?

For me, it’s a no. If I’m out to dinner, I want conversation that is spontaneous and well-thought out – not just a commentary on who’s texted what to whom and who’s updated their status to what. If, on the other hand, you’re MG Siegler (and someone definitely is) then it’s a yes – because the continuing convergence of functionality and the prevalence of ‘smart’ ‘phones means that you can actually add to your well-thought out and spontaneous conversation with details that you’ve found on the webternet. (OK, this might make your conversation a little less spontaneous, but you’ll never be left thinking ‘ooo, ooo, ooo – what are the names of all of The Saturdays – oooo, it’s on the tip of my tongue’ etc etc etc.) (No, I don’t know.)

Anyway – as I said – it’s an issue and I’ll not get it resolved here.

No, what’s great about this post is the last bit. I’ve talked before about great ideas, but this is a genius idea. This is a Dyson moment. This is the sort of idea that I don’t have, which is why I am not a) a thought leader or b) as rich as Croesus. This is brave thinking, challenging the paradigm – whatever the f*ck that means.

To summarise – what does the future hold? People going to restaurants and having mobile device-less conversations? Or restaurant tables that are designed to facilitate the use of mobile devices?

Genuinely amazing.

Chips and Beans

Chips and beans – staple foodstuffs – the very foundation of a robust and balanced diet. Every day, three times a day, if I had a choice. (Sorry, dearest blog trotters, I find myself a little lacking in the breakfast department and – quite frankly – I could suck a frozen dog.)

But this post isn’t about me and my almost unmanageable craving for fried food, no, it’s about ideas. And it touches on what I believe to be a potential communication trend for 2011, so, if’n’ your in the field of communications, you might want to stick around to the end.

I’ve touched on the topic before – there’s this debate that rages on in the communications background (and when I say comms, I mean advertising, marketing, PR and corporate communications because, unlike so many others, I AM inclusive and I embrace both sides of the line and, yea, through it as well – I am, truly, a renaissance communicator) which occasionally surfaces almost, but not totally, completely unlike a small volcanic eruption – and the debate is – who owns the idea?

Obviously, the answer is – who gives a shit who owns the idea? If the idea is a great one, we should all embrace it and use it as a great theme for our part of the business mix. Unfortunately, too many companies trammelled by ‘not invented here’ syndrome, meaning many good ideas smothered at birth. I’ve had my fair share.

So how genuinely marvellous to see a totally fantastic idea (I cannot tell you how much I am in awe of this idea), being used across a business – increasing sales, making consumers feel warm inside, evoking memories, generating laughter and, I’d wager, bringing the home team together in an internal-communications-stylee. Yes, blog snorkellers, it really is that good. And it’s for beans. Baked beans. Heinz baked beans to be exact.

Here it is in all its glory, presented through the medium of film. (Obviously, I’d prefer it if it were presented through the medium of insane industrial mime, but you cannot have everything, as me old mam used to say. Still does, in fact.)

So, the idea – for you lazy, lazy slackers who cannot be bothered wid da clickety – is a resealable jar of baked beans. A screw-top jar. Why is it so good? Let me count the ways (and sorry if I miss some):

  • We’ve all had that ‘not used all the beans in the tin moment’. What do you do with the ones that are left?
  • It is a childhood memory for everyone. Newborn babies know about leftover beans, at a genetic level
  • It is humorous
  • It is a money-spinner – a screw-top jar of beans is going to be more costly than a tin
  • It makes the workforce feel proud

It, genuinely, is a work of genius. Have I said this before? It works across every piece of the business melange. And no, it is not important who had the idea, it is important what everyone does with the idea. This could be a communications trend for 2011 – everyone working together – through-the-linery – accepting that the brilliant concept can come from anywhere. Chances of it happening?

Briefly, then, chips. A long time ago, in a galaxy far, far away, I worked for a restaurant chain. I had an extremely creative PR agency. We needed some local media coverage, because we couldn’t afford to advertise or offer local discounts.

(PR purists, look away now.)

We made up a story – the story being that this restaurant chain were launching something called a ‘Pincher’s Portion’ of chips. This  was – supposedly – a half-portion of chips that you could order for your girlfriend to stop her eating yours (after having flatly denied that she actually wanted any). This is very resonant – every bloke in the entire world – at a subatomic level – knows how frustrating – and true – this scenario can be.

It was brilliant – the coverage was beyond our wildest dreams. And better, the NPD department looked at the idea, worked out how they could implement it, and made it a reality. A half-portion of chips at three-quarters of the price of a full one. Money spinner. Again, doesn’t matter who had the idea – a good idea can benefit everyone.

Finally, riding on the tube the other day, I saw a big poster advertising MacDonalds. It featured a packet of chips. With fingers. And the slogan ‘pick packet’. It minded me of the Pinchers Portion and also of the fact that no-one has a monopoly on ideas. At any one time, different people all over the shop are having the same idea. Embrace the idea – once again, it doesn’t matter who had the idea – it’s what you do with it that counts.

I am really, really hungry.

God Loves Facebook – Could He Be Fallible?

Following my post of yesterday, in which – in the desultory and louche fashion that is my wont and has become such a firm favourite with discerning blog snorkellers worldwide (hey – forget worldwide – GLOBALLY) – I examined the Busy Bees of the Divine’s decision to invest some $450m in the Book of the Face, I have some across simply acres of opinion that – to a greater or lesser extent – agrees with my conclusions.

Now, to say this is unusual would be a masterpiece of understatement, but that notwithstanding, it should also be genuinely concerning for those who are investing their hard-won marketing budgets in ever-more-complex Facebook campaigns. It should also be concerning for large companies whose digital media function is becoming ever-more powerful and starting to grasp at the reins of the whole shooting match.

You see, when even Goldman Sachs Capital Partners (the company’s private equity fund) turns down the opportunity to invest in Facebook – and does so (in part) due the lingering burning sensation that remains from the serious injury it received when the dotcom bubble burst – you have to question the longevity of Mr Zuckerberg’s monster.

And when Facebook falls – and it may already be on shaky ground, given there have been no membership number updates since July (is it possible, whisper it, that people are beginning to sign off?) – what will be left of the social media phenomenon that was going to change the way we communicate? Whither the social media gurus then? Whither the value? Eh?

Anyway – don’t take my word for it – read all about it here. (Thank you, Fortune magazine.)