It was a ‘Fabulous’ week in Social Media, the mobile web and for financial bloggers.
I was in San Francisco as the Twitter developer (‘wink’ insider) conference raged and next week the Facebook world throws down in San Francisco for their developer conference . Mary ‘HOWIE ‘ Meeker was out with her regular quarterly missive (change a few slides) that the Mobile Internet will overtake the fixed internet . Maybe most importantly for the Goldman haters, on Friday, Goldman $GS realized that ‘Too Big Too Fail’ has a few drawbacks.
Twitter is big, but nobody knows how big . I have no idea if the new $TWIT ad platform will work, but when you raise $160 million pre-revenue, the pressure is on at some point. This is an exciting and dangerous time to be in the Twitter economy. Facebook developers have gone through this phase as well. Facebook is big and unstoppable despite the fact I have not found a core use for it. Social Media is bigger than e-mail . I imagine I ALREADY use my iPhone and iPad now for 50 percent of my internet viewing and that’s pretty insane. If I could blog well from weither, life would be grand.
While Twitter, Facebook, Linked-In and Google (very soon to be Apple $AAPL) wage war over the Social Graph and what it implies, the power of the graph plays out in the financial world.
Goldman IS the Social Graph of money and finance. The SEC will slow them down, but no matter how the Goldman Sachs saga plays out, there is much to learn from the power of the network.
Goldman’s problems are that of complexity and size.
They are not one of connection and brains. Goldman is EVERYWHERE money is flowing .
The best thing about the Social and Mobile web is the simplicity and the leverage. Eventually, the bankers will be fully involved. Eventually size and complexity will wreak havoc on us all.
In the meantime, you can be ‘Too Small to Fail’ and have a ‘Fabulous’ life if you know how to leverage it.
EVERYTHING is up for grabs and if you are negative about that, you are making my life easier. Thank-You.