Technology, Venture Capital, Private Equity

Perspectives from an Indian VC

Archive for the ‘social networking’ Category

Facebook entering a new phase

Posted by Arun Uday on May 28, 2007

The big news in the social net world last week was Facebook’s announcement that they were going to open up their platform to third party application developers. For those wondering what the big deal is (after all, almost all web sites these days provide APIs to interact with them), this is a little different. In this case, application developers can develop widgets that will work within the FB system. FB promises that this will be an open system and there won’t be any elaborate clearances that would be required. The third party applications are promised full access to the entire database and will be free to monitize their work in any manner they want.
There has been some amount of excitement and may be even hype around this announcement with some even suggesting that this could pave the way to FB becoming the new OS of social networking. Lets try and analyze this briefly. Read the rest of this entry »

Posted in Facebook, internet, social networking | 1 Comment »