Daniel has so many social media outlets for his business, and it's becoming a full-time job managing all of it. Leo says that if he has a business, he should at least have a web page, and a presence on Facebook and Twitter. Pinterest is good for selling goods. Google Plus is good, but it's not widespread at all. Twitter is great for communicating with customers, though. LinkedIn is good for finding employees. But at the end of the day, it's best to just keep it simple. YouTube is great for video, but he's better off driving people to his own webpage.
A few days after Facebook spent $19 billion on the smartphone app WhatsApp, a possible denial of service attack (DDoS) threw it off line for several hours. Leo says that the cost of WhatsApp is "stupid money" that Facebook has, and they can spend on dumb acquisitions and not suffer for it. Meanwhile, former Clinton Secretary of Labor Robert Reich said the deal is "everything that is wrong with our economy." Leo says that Reich really doesn't understand technology or the Internet.
In one of the largest tech acquisitions of all time, Facebook bought WhatsApp for $16 Billion. $4 Billion in cash now, $3 Billion later and $12 Billion in Facebook stock. Leo says that's more than HP paid for Ross Perot's EDS and makes it one of the most valued tech companies in America...for an app! WhatsApp has 450 million international users, but it isn't really that popular in the US -- yet. It focuses on mobile phone numbers. So there's a reason why it was so attractive.
Facebook's Android app changed it's permissions to include reading and writing your personal text messages, download files to your phone, and read your calendar events and confidential information. The nice thing about Android is that it will warn you about permissions and changes in advance. Leo says that it may be just to have permission to verify your phone number as accurate, and to add addition features. But these changes only serve to fuel the feeling that Facebook is spying on you.
Leo says that Facebook's new app Facebook Paper, an app that turns your facebook feed into something that looks like a magazine, could end up killing their original app. And Leo says that's a good thing. To succeed you have to push forward and leave the past behind, and Facebook Paper is a beautifully designed app. And Heather says it makes it easier to fly past the boring stuff.
Chip has a hobby of winning prizes through Facebook and other media. He would like to figure out a way to enter without using his Facebook account. Leo says that a token is used to link to his "Like," and without it, he can't enter. One way around it is to use a fake account, but it is cheating in a way.
Google, Apple, and Facebook all turned record profits this quarter. Facebook made more money on its mobile platform than on the desktop for the first time. And for its 10th anniversary, Facebook is releasing a new app called Paper. It's a new news feed that allows you to post as well. Leo says it's gorgeous. It turns Facebook into more of a magazine. It'll likely replace Facebook's app. It will be available February 3rd, and may have changed Leo's mind about Facebook being dead.
Reports show that Facebook will lose up to 80% of their users within the next three years. Leo says if people start moving away from Facebook, others will follow. Most people who use Facebook under duress, because their friends and family are online, are just looking for reasons to jump ship. Leo says that Facebook is trying to make the Feed more newsy, filled with "link bait," and less about friends and family.
Bill would like to delete his Facebook account. Leo says that he can do this in the Facebook Security settings, but Facebook won't get rid of it right away. They'll put it in an inactive status for a few months and as long as he doesn't log back on, they will delete everything.
As 2013 comes to a close, Leo says that privacy, or the loss of it, should be viewed as the topic of the year. As the NSA has spread its reach further into our lives, even the major tech companies have taken out a huge ad campaign to say "stop spying on us." But there's also some nice things about a lack of privacy. Google has created Auto-Awesome Movies, a year end movie of all the photos posted to Google Plus. Leo says it's a great document to show the year, but it's also a horrendous invasion of privacy.