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Facebook valued at $270 billion? NewsCorp buying MySpace for $580 million was sooo 10 years ago. #edchat
There’s a terrific piece in the current @NewYorker, Facebook Should Pay All of Us by Tim Wu. In it, Wu writes:
Facebook is […] widely assumed to have more data than anyone else. That data is useful for advertising, which is Facebook’s main source of revenue. But the data is also an asset. The two-hundred-and-seventy-billion-dollar valuation of Facebook, which made a profit of three billion dollars last year, is based on some faith that piling up all of that data has value in and of itself. It’s like a virtual Fort Knox—with a gold mine attached to it. One reason Mark Zuckerberg is so rich is that the stock market assumes that, at some point, he’ll figure out a new way to extract profit from all the data he’s accumulated about us.
…For the most valuable innovation at the heart of Facebook was probably not the social network (Friendster thought of that) so much as the creation of a tool that convinced hundreds of millions of people to hand over so much personal data for so little in return. As such, Facebook is a company fundamentally driven by an arbitrage opportunity—namely, the difference between how much Facebook gets, and what it costs to simply provide people with a place to socialize. That’s an arbitrage system that might evaporate in a world of rational payments. If we were smart about the accounting, we’d be asking Facebook to pay us.
Since NewsCorp bought MySpace for $580 million dollars in 2005, I have had so many conversations with students, parents, teachers, friends, family, and strangers about what I imagined NewsCorp was buying. Data. An ocean of freely shared data about its users from its users: Who are you? Who do you know? What do you do? Specifically, what are your likes and dislikes for bands, songs, cars, jeans, sodas, shampoos, computers, magazines, pizza toppings, television channels, narcotics, candidates, Friends characters? Where do you shop, hang out, watch movies? People freely and willingly uploaded any and all personal information and preferences to MySpace, and NewsCorps hoped to sift through swells of big data for advertising and internet marketing purposes. Six years later, NewsCorps sold MySpace for $35 million dollars in 2011. Ruh roh.
For almost two decades, I’ve working mainly with middle school students and teachers. During my time at The School at Columbia University, Don Buckley (Director of Innovation from 2006-2013) asked Cristina Martinez (our Systems Administrator) to set up an internal social network using Elgg back in like 2007 or 2008. To demonstrate that a social network is EMPTY until people populate it with information, we start every school year with a blank social network after archiving the previous year’s work. I constantly reinforce that everything posted online is either public or less public, so if you want something to be private, you should never upload it. Below are links to some posts I’ve written detailing specific annual curricular projects I’ve led using this in-house space, The Social Network:
Social networking etiquette and other life lessons:  https://karenblumberg.wordpress.com/2011/10/05/social-networking-etiquette-and-other/
7th graders creating faux profiles of Great Mathematicians:  https://karenblumberg.wordpress.com/2010/04/15/social-networking-with-great-mathematicians/
8th graders creating faux profiles of the Founding Fathers:  https://karenblumberg.wordpress.com/2014/10/20/foundingfathers/
Tagged as 6th Grade, 7th Grade, 8th Grade, Cristina Martinez, Don Buckley, Facebook, Facebook Should Pay All of Us, Karen Blumberg, middle School, MySpace, new media, NewsCorp, NewYorker, Social Media, social network, social networking, The School at Columbia University, The Social Network, Tim Wu
December 18, 2014 · 8:03 pm
#tbt video of the @RubeGoldberg machine we made at last week’s #CSNYC meetup.
I love the CSNYC Education Meetup group and the amazing learning and networking opportunities organized by Cindy Gao (of the NYC Foundation for Computer Science Education) and Eric Allatta and Sean Stern (both are Computer Science Teacher at the Academy for Software Engineering). Check them out and discover the amazing Professional Learning Network they nurture!
Last week, @CSNYC partnered with the team behind think and The Makery to have a meetup where everyone got to collaborate on Rube Goldberg machines — the ultimate goal was to pop a balloon with a needle. I was really proud of our contraption, though in the end, we were thwarted by a dull needle and a tough balloon…
Here’s a video from another group demonstrating that the whole point is to fail fast and prototype, prototype, prototype…
Tagged as Academy for Software Engineering, Cindy Gao, CSNYC, CSNYC Meetup, DIY, Eric Allatta, Facebook, Karen Blumberg, makered, MakeyMakey, NYC Foundation for Computer Science Education, programming, Rube Goldberg, scratch, Sean Stern, STEAM, STEM
April 1, 2013 · 12:15 pm
Comparison chart of @facebook @edmodo @schoology from @InnovativeEdu
Lisa Nielsen (@InnovativeEdu) wrote a great post for Tech & Learning (@techlearning) charting the differences between Facebook, Edmodo, and Schoology so schools can be better informed about choosing a platform or platforms for learning and collaborating. Also, the best way to recognize their benefits and/or limitations is to just try them out…
The full article is here, but I pasted Lisa’s comparison chart below:
Tagged as @InnovativeEdu, Edmodo, Facebook, Lisa Nielsen, Schoology, social network, social networking, Tech&Learning, The Innovative Educator
February 12, 2013 · 9:02 am
Reading the comments on that post about @ElmwoodFranklin 2nd graders editing NFL players’ tweets:
The tweet above is from the Elmwood Franklin School in Buffalo, New York. (@ElmwoodFranklin) The tweet links to their Facebook post pasted below:
Second graders are serious fans of football—and grammar! Elmwood Franklin School’s second grade students applied their lessons in proper sentence structure, noun and verb usage, spelling, and punctuation to correct the tweets of professional football players. The students partnered in groups and together found several mistakes in these tweets, including the incorrect spelling of “a lot.”
I shared this story with my community at The School at Columbia University over the weekend. A teacher was chatting with me about it just now, which prompted me to actually read the comments. Yikes.
Tagged as 2nd grade, Elmwood Franklin Elementary, Facebook, grammar, NFL, Super Bowl, Twitter
I couldn’t find a satisfactory wall mount for a mini glue gun, so I made one with @Tinkercad and an @Ultimaker. You can find it on the @thingiverse… @BrearleyNYC #MakerEd #STEAM
Pics from my visit to @DwightSchool’s #SparkLab designed by @lesa_wang! #makerspace #MakerEd #STEAM
Gathering my notes and tweets from yesterday’s mycelium workshop at @GenspaceNYC (organized by @STEMteachersNYC)… #STEMintheCITY #scichat #STEMed
Finally finished this chandelier made from the rolled up flyers that flooded my mailbox in June before the mayoral primary. #MakerEd #STEAM #ArtEdTech
Presenting “Experiences As A Maker Educator (Before, During, And After COVID)” at @Make Education Forum, 12pm EDT. I’ll share a variety of projects from @BrearleyNYC. #MakerEd #STEAM
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