Is RSS Really Dead?

I'm usually the last guy to know, and the first to admit it, but is RSS really dead? I keep seeing posts claiming Twitter and Facebook have essentially replaced RSS as the way folks filter their news these days, but I for one am still addicted to my RSS client…

IMy Shrook.png‘m usually the last guy to know, and the first to admit it, but is RSS really dead? I keep seeing posts claiming Twitter and Facebook have essentially replaced RSS as the way folks filter their news these days, but I for one am still addicted to my RSS client (it’s Shrook, for anyone who still cares).  

Perhaps RSS isn’t dead, but instead it’s professionalizing. It’s the Beta to the VHS of Twitter. Higher quality, better signal, but more expensive in terms of time, and used only by folks “in the industry.”

I write, every single day (especially with Signal), and I consume a lot of feeds in order to do that. I need a professional tool that lets me do that efficiently, and so far nothing beats an RSS reader. But I’m serious about my feeds, and most folks, I guess aren’t.

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The Web 2 Debrief Video

Almost immediately after the Web 2.0 Summit last month, Tim O'Reilly and I sat down at an FM event and debriefed each other on what we learned. Here's the video….

Almost immediately after the Web 2.0 Summit last month, Tim O’Reilly and I sat down at an FM event and debriefed each other on what we learned. Here’s the video.

http://c.brightcove.com/services/viewer/federated_f9?isVid=1

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Twitter’s Great Big Problem Is Its Massive Opportunity

One of the many reasons I find Twitter fascinating is that the company seems endlessly at an inflection point. Eighteen months ago I was tracking its inflection point in usage (holy shit, look how it's growing! Then, holy shit, has it stopped?!), then its inflection in business model (hey,…

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One of the many reasons I find Twitter fascinating is that the company seems endlessly at an inflection point. Eighteen months ago I was tracking its inflection point in usage (holy shit, look how it’s growing! Then, holy shit, has it stopped?!), then its inflection in business model (hey, it doesn’t have one! Wait, yes it does, but can it scale?!), and more recently, its inflection point in terms of employees (as in growing from 80+ staff to 350+ in one year – necessitating a shift in management structure….).

Twitter now faces yet another inflection point – one I’ve been tracking for some time, and one that seems to be coming to a head. To me, that inflection has to do with usefulness – can the service corral all the goodness that exists in its network and figure out a way to make it useful to its hundreds of millions of users?

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Groupon Is Worth More Than $2.5 Billion

Today's big rumor, so far at least, is that Google may be buying Groupon for a reported $2.5 billion. This sale has been rumored for some time, but the figure – and story – is based on a rather thin piece by VatorNews which broke early this morning. The…

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Today’s big rumor, so far at least, is that Google may be buying Groupon for a reported $2.5 billion. This sale has been rumored for some time, but the figure – and story – is based on a rather thin piece by VatorNews which broke early this morning. The headline is honest in its lack of, er, definitiveness – Google buys Groupon for $2.5 billion?   – but it does claim one “reliable source.”

Whether or not this story plays out, my first thought was that the company is worth far more than $2.5 billion. If, as many have reported, Groupon is doing $50mm in revenue a month, that’s a mere 4.2x multiple on current run rate. Given the insanely strategic nature of the purchase to not only Google, but just about every other major player in the game (Microsoft, Yahoo, eBay, Amazon, hell, American Express if they wanted to play, not to mention Facebook), I’d be utterly stunned if Google won the company for that price. Location is a key signal connecting commerce, search, social, and small business. It’s a big, big deal, and Groupon is the leader in the space.

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The Web 2 Summit Playlist, 2010 Version

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One of these days, I’m going to figure out how to publish a real live playlist, one that links to real music, but for whatever reason, I never seem to be able to. If you guys have an easy way to do it, please let me know. I’ve tried a few services and they fail me, or, perhaps more aptly, I fail at them. Anyway, here’s a screengrab of the playlist I used at the Web 2 Summit this year. I always pick music that has inspired me during the preparation for the event, which takes a good ten months. Many of these bands I’ve seen live, and I hope you enjoy them as I have!

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At Web 2 Summit…Here’s the LiveStream!

Postings have been and, through this week, will continue to be pretty light. The reason: I'm hosting, with my partner Tim O'Reilly, the seventh annual Web 2.0 Summit in San Francisco. There should be a lot of news here, starting with some of our own – for the first time…

Postings have been and, through this week, will continue to be pretty light. The reason: I’m hosting, with my partner Tim O’Reilly, the seventh annual Web 2.0 Summit in San Francisco.

There should be a lot of news here, starting with some of our own – for the first time ever the Web 2 Summit will be livestreamed, for free, to anyone. The stream can be embedded anywhere, so I’m adding it to this site below. If you can’t make it in person, well, now you can check it out on the web.

Enjoy! (Update – so far, nearly 75,000 folks have watched the livestream. That’s pretty cool – about one hundred times the number of folks in the room at any give time!)

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Evan Williams at Web 2: What’s In A Platform?

I met with Ev at Twitter headquarters yesterday, a prelude to our conversation in less than two weeks time at Web 2 (I also spoke with him last year). As usual he was in a thoughtful mood, though an unexpected visit from Biz added some levity to the proceedings. Williams…

_@user_40285.jpgI met with Ev at Twitter headquarters yesterday, a prelude to our conversation in less than two weeks time at Web 2 (I also spoke with him last year). As usual he was in a thoughtful mood, though an unexpected visit from Biz added some levity to the proceedings.

Williams will be the final speaker at Web 2 this year, a program that begins with Eric Schmidt, continues with Robin Li, Ari Emmanuel, Shantanu Narayen, Jim Balsille, Mark Zuckerberg, Carol Bartz, and so many more.

So by the time we get to Ev’s session, something of a grand narrative should have unfolded, if I’ve done my job right. And it feels right to me to conclude with Twitter, because it is at once the growth story of the year, as well as the enigma – what, exactly, *is* Twitter, now that the service is pushing 200 million users and on the verge of a truly scaleable revenue model?

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All Brands Are Politicians

(image) Recently I was watching television with my wife, a baseball game if memory serves, when an advertisement caught my eye. It was for a regional restaurant chain (not a national one like Jack in the Box). The ad was pretty standard fare – a call to action (go…

Obama-kissing-a-baby.jpg(image) Recently I was watching television with my wife, a baseball game if memory serves, when an advertisement caught my eye. It was for a regional restaurant chain (not a national one like Jack in the Box). The ad was pretty standard fare – a call to action (go now!) and a clear value proposition: the amazing amount of tasty-looking food you could have for a bargain price. I can’t find the ad online, but there’s no dearth of similar spots on television – in fact, their plentitude is why the commercial caught my attention in the first place.

In short, the ad offered pretty much all you could eat pasta, fries, and burgers for something like six bucks. Nearly all the food portrayed was processed, fried, and sourced from factory farms – necessarily so, as it’d simply not be possible to offer such a deal were it not for the economies of scale inherent in the US food economy. It’s simple capitalism at work: The chain is taking advantage of our nation’s subsidization of cheap calories to deliver what amounts to an extraordinary bargain to a consumer – all you can eat for less than an hour’s minimum wage!

It’s entirely predictable that such an offering would be in market. What’s not predictable, until recently, is how marketing such an offer might backfire in the coming age of marketing transparency and political unrest.

Allow me to try to explain.

As I watched the ad, and considered how many similar ones I see on a regular basis, I got to thinking about who the chain was targeting.

Certainly the chain wasn’t targeting me. I’m one of the so-called elites living in a bubble – I try to eat only organic foods, grown locally or sustainably if possible. I do this because I believe these foods are healthier for me and better for the world. I know I am in the extreme minority when it comes to my food – in the main because I can afford the prices they command. (And sure, I love hitting a burger joint every so often as a treat, but I also know that the act of considering fast food chains a “treat” is a privilege – I don’t have to rely on those outlets for my main source of sustenance.)

So no, that television ad was most certainly not targeted to me. I’d actually never even heard of the chain (nor had I seen its restaurants near where I live or travel). In short, that chain was wasting its marketing dollars on me, and most likely on a lot of other folks like me who happen to like watching baseball.

So what audience was that chain trying to reach? Experts in food marketing will tell you that the QSR industry is obsessed with reaching young men (and young men do watch baseball). But as I watched that ad, I started to think about another cohort that would clearly be influenced by the ads.

And that “target?” Intentionally or not (most likely not), it struck me that the advertisement would certainly appeal to our nation’s poor, as well as to those in our country who have eating issues, quite often the same folks, from what I read. One in seven people in the US are officially poor (and that bar is pretty damn low – $22K a year or less for a family of four). Nearly one in three are categorized as “obese.” And these two trends have become a seedbed for what are becoming the most politically sensitive issues of our generation: healthcare, wealth distribution, and energy policy. (The link between energy policy and food is expanded upon here).

Now, what happens when marketers like the all-you-can-eat chain, who like most marketers are not spending their money efficiently on TV, start buying data-driven audiences over highly efficient digital platforms? When and if we get to the nirvana that Google, Facebook, Yahoo, Microsoft, Blue Kai, Cadreon, and countless others are pushing at the moment – a perfect world of matching marketers dollars to audience data and increased foot traffic in-store – we’ll be able to discern quite directly who a marketer is influencing.

And while that restaurant chain’s goal might be to influence young men, what happens if the digital advertising ecosystem proves directly that the folks who are responding are deeply effected by what has become a hot potato national issue around food, energy, and health?

And what happens when digital activists reverse engineer that marketing data, and use it as political fodder for issue-based activism? As far as I am concerned, the question isn’t if this is going to happen, the question is when.

Wait a minute, you might protest (if you are a marketer). What about privacy!! Ah, there’s the rub. Today’s privacy conversation is all about the consumer, about protecting the consumer from obtrusive targeting, and informing that consumer how, when, and why he or she is being targeted.

But that same data, which I agree the consumer has a right to access, can be re-aggregated by intelligent services (or industrious journalists using willing consumer sources), and then interpreted in any number of ways. And don’t think it’s just anti-corporate lefties and green freaks who will be making noise, in my research for this article, I found tons of articles on Tea Party sites decrying federal food subsidies. In short, the data genie is out of the bottle, not just for consumers, but for marketers as well.

Get ready, marketers, to be judged in the public square on your previously private marketing practices – because within the ecosystem our industry is rapidly building, the data will out.

I’m not picking on the food industry here, rather I’m simply using it as a narrative example. Increasingly, a company’s marketing practices will become transparent to its customers, partners, competitors, and detractors. And how one practices that marketing will be judged in real time, in a political dialog that defines the value of that brand in the world.

This new reality will force brands to develop a point of view on major issues of the day – and that ain’t an easy thing for brands to do – at least not at present. I’ve written extensively about how brands must become publishers. I’ve now come to the conclusion that they must also become politicians as well. Brands will have to play to their base, cater to interest groups, and answer for their “votes” – how their marketing dollars are spent.

I’d wager that marketers who get in front of this trend and shows leadership on the big issues will be huge winners. What do you think?


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Yuri Milner at Web 2: The Man Behind A Revolution in Finance?

Who exactly is Yuri Milner? I've heard this question asked quite a bit over the past year, as the Russian financier and entrepreneur has amassed significant holdings in key US Internet players – from Groupon to Zynga to Facebook (where he now owns around 10% of outstanding shares). His company,…

_@user_95614.jpg.pngWho exactly is Yuri Milner? I’ve heard this question asked quite a bit over the past year, as the Russian financier and entrepreneur has amassed significant holdings in key US Internet players – from Groupon to Zynga to Facebook (where he now owns around 10% of outstanding shares). His company, DST, has more than a billion invested in these social media players. (IT also purchased ICQ from AOL).

I had a chance to sit down with Milner in my San Francisco office, and ask him a few questions about his philosophy of investing, his background, and his strategy going forward. I’m very pleased he will be joining us at the Web 2 Summit – his approach to investing has upended a lot of presumptions about how “mezzanine” deals are getting done. In short, he cares little for the complicated structures and protective rachets of traditional pre-IPO rounds. He’s forced Silicon Valley legends to sit up and take notice. Oh, and by the way, he also owns major stakes in Russia’s most important social networking and Internet companies.

So what would you ask Yuri Milner? Here are a few thought starters:

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Identity and The Independent Web

Are we are evolving our contract with society through our increasing interactions with digital platforms, and in particular, through what we’ve come to call the web?  

I believe the answer is yes. I’m fascinated with how our society’s new norms and mores are developing – as well as the architectural patterns which emerge as we build what, at first blush, feels like a rather chaotic jumble of companies, platforms, services, devices and behaviors.

Here’s one major architectural pattern I’ve noticed: the emergence of two distinct territories across the web landscape. One I’ll call the “Dependent Web,” the other is its converse: The “Independent Web.”

The Dependent Web is dominated by companies that deliver services, content and advertising based on who that service believes you to be: What you see on these sites “depends” on their proprietary model of your identity, including what you’ve done in the past, what you’re doing right now, what “cohorts” you might fall into based on third- or first-party data and algorithms, and any number of other robust signals.

The Independent Web, for the most part, does not shift its content or services based on who you are. However, in the past few years, a large group of these sites have begun to use Dependent Web algorithms and services to deliver advertising based on who you are.

A Shift In How The Web Works?

And therein lies the itch I’m looking to scratch: With Facebook’s push to export its version of the social graph across the Independent Web; Google’s efforts to personalize display via AdSense and Doubleclick; AOL, Yahoo and Demand building search-driven content farms, and the rise of data-driven ad exchanges and “Demand Side Platforms” to manage revenue for it all, it’s clear that we’re in the early phases of a major shift in the texture and experience of the web.

The dominant platforms of the US web – Facebook, Google, and increasingly Twitter- all have several things in common, but the one that comes first to my mind is their sophisticated ability to track your declarations of intent and interpret them in ways that execute, in the main, two things. First, they add value to your experience of that service. Google watches what you search, where you go, and what advertising you encounter, and at near the speed of light, it provides you an answer.

Facebook does the same, building a page each time you click, based on increasingly sophisticated data and algorithms. And Twitter is hard on its parents’ heels – to my mind, Twitter is the child of Google and Facebook, half search, half social. (Search’s rich uncle is the explosion of “user generated content” – what I like to call Conversational Media. Facebook’s rich uncle is clearly the mobile phone, and texting in particular. But I digress….as usual.)

Secondly, these services match their model of your identity to an extraordinary machinery of marketing dollars, serving up marketing in much the same way as the service itself. In short, the marketing is the message, and the message is the service. We knowingly go to Facebook or Google now much as we go to the mall or the public square – to see and be seen, to have our intent responded to, whether those wishes be commercial or public expression.

When we’re “on” Facebook, Google, or Twitter, we’re plugged into an infrastructure (in the case of the latter two, it may be a distributed infrastructure) that locks onto us, serving us content and commerce in an automated but increasingly sophisticated fashion. Sure, we navigate around, in control of our experience, but the fact is, the choices provided to us as we navigate are increasingly driven by algorithms modeled on the service’s understanding of our identity. We know this, and we’re cool with the deal – these services are extremely valuable to us. Of course, when we drop into a friend’s pictures of their kid’s Barmitzvah, we could care less about the algorithms. But once we’ve finished with those pictures, the fact that we’ve viewed them, the amount of time we spent viewing them, the connection we have to the person whose pictures they are, and any number of other data points are noted by Facebook, and added to the infinite secret sauce that predestines the next ad or newsfeed item the service might present to us.

Now I’m not against the idea of scale, or algorithmic suggestions – in particular those driven by a tight loop of my own actions, and those of my friends (in the case of Google, my “friends” are ghost cohorts, and therein lies Google’s social problem, but that’s grist for another post).

But there is another part of the web, one where I can stroll a bit more at my own pace, and discover new territory, rather than have territory matched to a presumed identity. And that is the land of the Independent Web.

What’s My Independent Identity?

What happens when the Independent Web starts leveraging the services of the Dependent Web? Do we gain, do we lose, or is it a push? We seem to be in the process of finding out. It’s clear that more than ads can be driven by the algorithms and services of the Dependent Web. Soon (in the case of Facebook Open Graph, real soon) Independent sites will be able use Dependent Web infrastructure to determine what content and services they might offer to a visitor.

Imagine if nearly all sites used such services. As they stand today, I can’t imagine such a world would be very compelling. We have to do a lot more work on understanding concepts of identity and intent before we could instrument such services – and at present, nearly all that work is being done by companies with Dependent business models (this is not necessarily a bad thing, but it’s a thing). This skews the research, so to speak, and may well constrain the opportunity.

The opportunity is obvious, but worth stating: By leveraging a nuanced understanding of a visitor’s identity, every site or service on the web could deliver content, services, and/or advertising that is equivalent in relevance and experience as the best search result is to us today. The site would read our identity and click path as our intent (thus creating the “query”), then match its content and service offerings to that intent, creating the “result.” Leveraging our identities, Independent Web sites could more perfectly instrument their sites to our tastes. Sites would feel less like impersonal mazes, and more like conversations.

But is that what we want? It depends on the model. In a Dependent Web model, the data and processes used to deliver results is opaque and out of the consumer’s control. What we see depends on how the site interprets pre-conceived models of identity it receives from a third party.

Consider how most display advertising works today. As we roam the web, we are tracked, tagged, and profiled by third parties. An increasingly sophisticated infrastructure is leveraged to place a high-probability advertising match in front of us. In this model, there is no declared intent (no “query”) – our presence and the identity model the system has made for us stands in for the query. Because there is no infrastructure in place for us to declare who we might want to be in the eyes of a particular site, the response to that query makes a ton of assumptions about who we are. Much more often than not, the results are weak, poor, or wasted.

Can’t we do better?

For purposes of this post, I’m not going to wade into what many consider the threat of “our privacy being breached” as more and more personal data is added to our Dependent Web identity models (the ongoing debate about tracking and disclosure is robust, but not what I’m getting at here). Instead I see a threat to the overall value of our industry – if we continue to graft a Dependent Web model onto the architecture of the Independent Web, we most likely will fail to deliver the value that we all intuit is possible for the web. And that’s not good for anyone.

As consumers, we understand (for the most part) that when we are on Dependent sites, we’re going to get Dependent results. It’s part of a pretty obvious bargain. On Facebook, we’re Facebook users – that’s our identity in context of Facebook. But out on the Independent web, no such bargain has yet been struck. On Boing Boing, the Huffington Post, or Serious Eats, we’re someone else. The question is – who are we?

I Am What I Say I Am, For Now…

The interplay between Dependent and Independent services may set the table for a new kind of identity to emerge – one driven not by a model of interaction tracked by the Dependent Web per se, but rather by what each individual wishes to reveal about who they are, in real time. These revelations may be fleeting and situational – as they so often are in the real world. If I alight on a post about a cool new mountain bike, for example, I might chose to reveal that I’m a fan of the Blur XC, a bike made by the Santa Cruz company. But I don’t necessarily want that information to presumptively pass to the owner of that site until I read the post and consider the consequences of revealing that data.

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