Awesome -- now I can
find all the inane things my friends are riffing about on Facebook with the real-time speed of a state-of-the-art search algorithm. Not. Put aside all the immediate second-day reactions to
Facebook’s “Graph Search,” especially from agency pundits and industry analysts who justifiably see it as a new source of search advertising impressions, and potentially, brand
conversions. That may or may not prove to be the case. What I’d like you to search for is the answer to this question: Who cares? Or an even more important question: Why should anyone care?
Yeah, I know, Facebook is big and getting bigger fast, and increasingly is accounting for more of the time people spend -- and more importantly, the information they post and share -- on the Web. But you see, that’s the problem, and an internal Facebook search engine, if you ask me, is NOT the solution. In fact, I would argue, it’s going to be more of a problem. Or at the very least, an unneeded distraction from what people -- consumers and brand and agency people alike -- really need: You know, relevance. And therein lies the real problem: Most of the information available through Facebook isn’t really that relevant to most of us -- and the stuff that is relevant is mainly stuff that’s been picked up and redistributed from other online sources. Facebook is just a place to share it. It is NOT the place to go to contextualize it. Here’s why.
Let me start off by citing a stat that comes from Facebook itself. Last year, the social network estimated that in 2003, the Internet was adding one petabyte of new information each year. And by 2012, it was adding one petabyte every two or three days. The problem is that much of that new information -- blogs (yeah, I guess, just like this one), tweets, re-tweets, pins, status updates, and yes, Facebook posts of all kinds -- isn’t really adding much substantive new information to the world. It’s just adding more noise. Don’t get me wrong -- when my nephew David posts photos of his newborn on Facebook, that’s very substantive to me personally, but I wouldn’t expect you to care, much less search it out (although I have to admit my grand niece Mary Lucy is pretty adorable!). And honestly, the notion that Facebook’s Graph Search is going to enable some marketers to somehow attach a conversion opportunity to that is, well, creepier than everything else Facebook is doing with our personal social personas. But maybe that’s just me.
But here’s the really big part of the problem Facebook’s Graph Search will contribute to, which is taking our eyes -- and time -- away from what really matters, and adding more noise and distraction that we will just have to figure out a way of filtering through.
Last year, as part of a special issue of MEDIA magazine guest edited by Interpublic’s Brian Monahan, we interviewed Microsoft’s resident search guru Stefan Weitz. As director of search and director of search engine Bing, Weitz is one of the genuine experts on how people organize and filter information that is relevant to them. And here’s the really scary part about what Weitz told us: That only about 5% of the world’s information has been indexed and archived by search engines. One reason it’s scary, if you ask me, is that he even knows what that percentage is. The other reason it’s scary is that the portion that is not indexed and archived -- all the information in the real world -- isn’t static, and it’s expanding faster than search engines can keep up with it. In fact, I recently followed up with Weitz and asked him what has happened in the past year, and he said that unindexed portion of the world’s information -- something search gurus like him call “the Dark Web” -- has actually grown, not shrunk. The reason why, he said, was the statistic Facebook cited a year ago: The rapidly expanding information being generated by social media platforms that, until the launch of Graph Search, were largely not indexable by search engines. So get ready for every inane post, like, pin or tweet to come to a query results page near you soon.
None of this is new to those who use bing.com/social to see what total strangers are posting. People who find social media 'scary' should stay off social media. Why would intensely private people want acquaintances at all? As for too many searches, just add more filters.
Facebook has a big problem - they need to make money. The only way they can make money is by really annoying their users with a non-stop barrage of ads and a total invasion of privacy. This might work in the short-term - but long-term, they are doomed.
I think you've missed the mark a bit with this article. First of all, you're writing about something almost no one has had the opportunity to test yet, and have made some assumptions that may not be accurate. Second, the public is (and has always been) divided into influencers and consumers of content. Just as traditional media influencers (be they newscasters, entertainers, etc.) select, package and present content they think is relevant to their audiences, so do social media influencers. Social media influencers can, and do, include those same traditional media newscasters and entertainers, but also include brands, individuals, and even anonymous sources. I think its far more likely that a search for "best baby formula" on Facebook's Graph Search will return results for content created by Similac, particularly if a few of one's friends have previously "liked" Similac's page and/or shared its content. Time and again, peer approval/recommendations has shown to be a powerful influencer in purchase decisions, so this could be powerful indeed. Time will tell.
The Editor of MediaPost (Joe Mandese) has posted a good article today about Facebook's "Graph Search" and writes it off as being just another (invasive?) new source of search advertising impressions, and potentially, brand conversions.
How about amazon.com? And (in time) Google, Twitter, Yahoo and a plethora of 'approved' publisher networks that can allow their respective advertisers to then find Joe Mandese's grand niece 'Mary Lucy' on pages that she may land on - OUTSIDE of Facebook?
For this to happen, Facebook will need to acquire (Microsoft's) Atlas ad network or, that of.....
Full Story: http://seekingalpha.com/user/36191/instablog
Loved this article, Joe. (Makes you 'think'.)
Facebook's problem is that its social graph does not capture accurate opinions. "Likes" are mainly used to reinforce relationships, like kisses or handshakes. Their meaning is basically "thanks for another baby picture". So searching it will be pretty pointless. See:
Douglas you are right and Jill, I hope you are. FB is Ok for sharing some business aspects and such other general information. Otherwise, it is a beast eating your information and spitting it out on their schedule while you hover in a cave. They own you.