Grown Up Thinking

Facebook is celebrating its 6th birthday this week, which seems a good a time as any to reflect on its path to world domination.

Let us not forget Facebook’s humble beginnings as “Thefacebook”. As if they were concerned there could be another one, this was THE facebook for all your networking needs. That is- assuming you’re an ivy leaguer buried in books in the Bay State. May I remind you that at its inception “Thefacebook” was only available to students at Harvard, where creator Mark Zuckerberg held his dorm room brainstorm sessions.

What you may not know is that even before “Thefacebook” there was “Facemash”- a Hot or Not game Zuckerberg created after hacking into Harvard’s computer network and stealing his peers’ student ID photos. “Facemash” generated 450 visitors and 22,000 photo views in its first four hours online.

I still remember the Facebook buzz growing my sophomore year of college- eagerly anticipating my D2 school’s addition to “the list”. This came around the beginning of junior year, my three roommates and I wasting hours of valuable study (and party) time polishing our profiles until they became a sharp snapshot of who we each were (on our best day, of course.)

I clearly remember my attempt to demystify the “poke” and debating with actual, legit friends what the rules were for deciding “Facebook friends”. Today, Facebook has 400 million members and anyone, anywhere over the age of 13 is allowed to join.

This tremendous growth doesn’t look to be slowing either. Membership this year is double what it was on Facebook’s fifth birthday. The social networking powerhouse also blew out the candles with some celebratory changes this week, including a shuffling of menus and an apps and games dashboard.

Perhaps the coolest thing I’ve seen all week, yellowBird is utilizing a variant on Google Street View technology to provide a true 360º view in video. (Video!!!) By using six divided lenses, it essentially collects data of every possible viewing direction. I won’t get into all the gloriously geeky details on exactly how it works, but it is definitely pretty flippin’ cool. Nothin’ like soaring high as a bird…from the comfort of my cozy cubical.

Every recession in recent American history has consistently shown ad budgets decline. We’re already seeing evidence of this in the current economic downturn. However, history also shows us that when the economy goes south, those who maintain their budgets or even increase them have far greater results compared to spending levels when the economy is doing well. The lesson here is, when competitors are decreasing ad budgets, pounce.

In the last advertising slowdown, companies like Netflix, Expedia, and Zappos managed to grow over $100 million in revenue by taking advantage of cheap media. The current recession, however, is not only going to lower the cost of media, it will also lower consumer confidence. People will be saving more and buying less so companies will have to step up their game to stay competitive. Many companies have turned solely to online campaigns like Search Engine Optimization, Social Media Optimization and viral campaigns, seeing much better results at a fraction of the cost. Because people are saving money by getting rid of cable, driving less, and spending more time online, people aren’t seeing TV spots, billboards, and print ads like they used to. Today, everyone is online for everything, which is why this recession is the perfect time for traditional companies to try nontraditional advertising.

Monday, the New York Times launched TimesPeople—a social networking add-on to its website the publication hopes will evolve the media giant into a more robust community of readers in a web-obsessed world.  Obviously a response to the increasing takeover of micromedia channels and alternative media sources, TimesPeople is NYT’s declaration that they’ve joined the party.  But having seen the new feature set in action—perched pleasantly atop nytimes.com—I have to ask: is this just 2.0 lipstick on a 1.0 pig?

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It’s no surprise that the online and offline worlds keeps merging into each more and more as technology enables us to keep connected at all times (especially here in the Mr. Youth office as admitted brand-lovers and tech geeks who gleefully exchange iPhone apps).

While the economy plummets and looming tension builds to keep everyone in the meatspace all a-twitch, the offline universe is evolving and adapting to reflect a space that is still thriving and positively teeming with great ideas: the online world. This month’s TrendWatching report focuses on the online/offline cross pollination that seeds offline content with a digital approach.

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