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Hi Social Media ReInvention Community Members,
We've migrated Social Media ReInvention's website to a new WordPress site!
I made this move to improve my services to my readers. Please continue following, reading, and subscribing to my blog at our new location.
Many thanks,
Tony Faustino
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Yesterday was not Dick Costolo (Twitter CEO) and Twitter’s Investor Relations Team's best day.
The Wall Street Journal’s Yoree Koh published this article, Twitter Shares Tumble After Nasdaq Leaks Results Early, after Twitter’s 2015 Q1 Earnings Conference Call. Her story describes important challenges confronting the company:
Real-Time Havoc Breaks Loose Around 3:07 PM Eastern Time. Addressing these difficult issues was the least of Twitter’s problems. Selerity, a self-described real-time analytics and media company, stole the show by live tweeting Twitter’s 2015 Q1 unreleased financials BEFORE the Twitter’s earnings call.
Koh writes that Selerity’s web crawling software discovered an early and publicly available version of Twitter’s earnings release. Selerity started posting the following tweets about Twitter’s financials around 3:07 PM Eastern Time:
Here’s the Problem. Twitter’s 2015 Q1 Earning’s Conference Call wasn’t scheduled to take place until 5 PM Eastern Time. This real-time news event forced Twitter’s Investor Relations Team to ask The New York Stock Exchange to halt trades of Twitter’s stock:
A Small New Jersey, Real-Time Analytics Firm Earns Massive and Previously Unaffordable News Coverage. Selerity pounced on this real-time event and scored a public relations bonanza for its brand. As of 10:50 AM Eastern Time, my quick Google News Search on the phrase “Selerity” yielded 18,000+ results:
$4 Billion Evaporates in Forty Minutes. Rob Daumeyer (Editor of The Cincinnati Business Courier) writes that the 18% drop in stock price cost Twitter $4 billion in market value. The math works out to:
Important Note: The annotations to this chart are mine.
Ouch. But, Give Twitter’s Investor’s Relations Team Credit for Handling and Managing this Real-Time News Crisis. They understand the implications of managing events and shaping the story (in both good and bad times). Their swift actions with The New York Stock Exchange on a contingency plan minimized further damage to their plummeting stock price.
This event and Twitter’s actions will become a landmark case study in handling, learning, and recovering from a real-time public relations and investor relations crisis.
Please let me know if you agree or disagree with my thoughts in the comments. I would love to hear from you. I’m here to read, listen, and learn from YOUR PERSPECTIVE. Comments are open. So let’er rip!
Ideas that spread win. You can subscribe to my blog via email (and can unsubscribe any time you like). I hope you’ll also share my work with your friends. Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Photo Credit: clydeorama
Farhad Manjoo of The New York Times published this thought-provoking article: Google’s Time At The Top May Be Nearing Its End. Manjoo discusses how Google’s current and past domination in desktop search advertising is leading to the source of its undoing as a technology leader.
Google’s Investor Relations Page proves Google has been an advertising company since October 2000. The company's $66 billion in 2014 revenues exceeds the respective, nominal GDPs of Luxembourg, Croatia, Uruguay, and Bulgaria.
Analysts express concern about future revenue sources driving Google’s growth:
I’m not a Google investor. But, these questions (and Google’s rising R&D and staffing expenditures) are a source of legitimate concern. Pouring tons of money into R&D doesn’t guarantee innovation.
Three Words via Deloitte’s Centre for Health Solutions: The Pharmaceutical Industry.
Facebook is not only investing in and deploying advertising tools like Conversion Lift Measurement and Facebook Atlas to measure, quantify, and validate how advertising ROI is better on its platform, but it's also increasing Facebook’s mobile advertising market share at Google’s expense.
Microsoft’s Office Suite commanded 90% of the enterprise desktop market. The problem is entreprise computing moved to mobile, cloud-based software.
So why didn’t Google Docs translate into a new and significant revenue stream (despite the fact that the stripped down version was and is still offered for free):
Google Docs had a 44-month headstart. That’s centuries in Internet time.
Why wasn’t this software invented in Google’s back yard and tailor-made for the enterprise market more than a mere blip in the Other Revenues line item of Google’s 2014 Financials?
Which brings us to this Wall Street Journal article about Memex: Sleuthing Search Engine — Even Better Than Google? Just as Steve Ballmer missed opportunities in the online and mobile market, how did Larry Page overlook a market tailor-made for an algorithm-driven, big data, technology company: Using Search to Track Down Criminals.
How did the US government create a search algorithm that’s equated to Google on steroids? Why can Memex expose 95% of what's on The Internet (while Google only shows us 5%)?
Is Google losing its edge? What’s your take on Google’s future and missed opportunities?
Please let me know if you agree or disagree with my thoughts in the comments. I would love to hear from you. I’m also here to read, listen and learn from YOUR PERSPECTIVE.
Comments are open. So let’er rip!
Ideas that spread win. You can subscribe to my blog via email (and can unsubscribe any time you like). Please share my work with your friends. Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Photo Credit: Anton Diaz
I’m still shocked Big Ten Football captured the first-ever national championship game playoff. I hope these share-worthy links ease the sting for other SEC fans. Stay warm Social Media ReInvention Community Members and enjoy your Sunday Brunch!
1. Fortune.com: How to Approach Your Own Career Like an Entrepreneur — Fortune’s Insider Guide to Launching the Startup Called ‘You.’ Sound familiar? Erika Fry's article is one of the best I’ve read in describing concepts and applications from Reid Hoffman's and Ben Casnocha's book, The Startup of YOU. Ben posted the article in LinkedIn’s Startup of You Discussion Group.
Fortune created a “startup of you” category for future articles. This career development concept exploded in two (2) short years to become a permanent part of business thinking. Start with this article If you’re newbie and with the book’s concepts such as: permanent beta, doing the hustle, tapping network intelligence, etc.
I fell in love with The Startup of YOU in 2012. I wrote a popular blog post series about the bookIn case you thosel posts, here they are:
2. Michael Hyatt: How to Get Your Kindle Notes into Evernote. Michael Hyatt’s book, Platform, is a how-to-manual for how he built his influential digital identity. He publishes some of the most helpful content on the web. His latest post shares how to maximize two of my favorite secret weapons: Evernote and My Kindle Paperwhite.
I love reading and writing reviews on books in digital marketing strategy and entrepreneurship. This productivity hack turbocharges my process for finding my favorite quotes and notes for future book reviews. Michael cites Brett Kelly’s book, Evernote Essentials — The Definitive Getting Started Guide for Evernote as THE resource in making Evernote a steroid-like productivity tool.
I bought Brett’s book yesterday and will share additional helpful tips with our community in future posts.
3. TechCrunch.com: East of Palo Alto’s Eden. Kim Mai Cutler’s heartbreaking article portrays the stark economic situation between Silicon Valley’s nouveau riche techies and the low income African American / Latino communities in East Palo Alto. Silicon Valley’s socio-economic extremes are well-documented. Kim’s article is the best and most comprehensive piece I’ve read (and I’ve got a ton of articles Evernoted on this subject).
Here’s a direct quote from her article’s introduction:
But today, with Facebook constructing a Frank Gehry-designed office complex that will let the company support roughly 7,000 workers while Palo Alto and Menlo Park balk at building housing even though median home prices have soared beyond $2 million, East Palo Alto may change enormously over the next decade.
Moreover, the questions being asked today about why the tech industry lacks racial diversity, and what the long-term consequences of gentrification are in the U.S.’s most economically vibrant regions like the San Francisco Bay Area are deeply intertwined in a way that is hard to perceive unless you step back.
This is a story of how two neighboring communities followed entirely different trajectories in post-war California — one of enormous wealth and power, and the other of resilience amid deprivation. It’s about how seemingly small policy choices can have enduring, multi-generational consequences.
Please let me know if you agree or disagree with my thoughts in the comments. If you disagree, I would love to hear from you. I’m also here to read, listen, and learn from YOUR PERSPECTIVE.
Comments are open. So let’er rip!
Ideas that spread win. You can subscribe to my blog via email (and can unsubscribe any time you like). Please share my work with your friends. Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Photo Credit: Cubosh
These posts in the blogosphere and LinkedIn’s Publishing Platform showcase employment trends describing why a personal blog or website is a vital 2015 professional development goal:
Facebook changed its policy for business and fan pages to a pay-for-play model. Small business owners who built their livelihoods around that platform are struggling to adapt. Amazon’s Kindle Unlimited Program continues eating away the monthly incomes of entrepreneurial authors / writers.
Adam Singer published this warning five+ years ago in his classic post, 19 Reasons You Should Blog And Not Just Tweet. Here are key snippets of Adam’s foresight from 2009:
3. Remember, you’re essentially contributing to someone else’s network on Twitter – certainly there are returns, but make no mistake they profit from your attention. I know you might not have a problem with that because you gain something too, but it’s good to be conscious of that fact.6. You own your work in a self-hosted blog and are in total control over how it is presented.
I know it’s not as “sexy” anymore (in reference to blogging) but it is still far more valuable and should not be discounted merely because the early adopters have shiny new object syndrome.
Long form content and blogging is coming back. Potential employers cite critical thinking and writing as key skills. Let's take advantage of our personal blogs / websites to show our thinking, analysis, and stories.
Transforming a complex or technical insight into a simple story is rare and sought after:
Hugh Macleod's home-spun wisdom from page 38 of his remarkable book, Freedom Is Blogging in Your Underwear speaks volumes:
My grandfather was a Scottish Highlands “crofter” — i.e., a small-time, mostly self-sufficient tenant farmer with his own little patch of land, who raised sheep and grew potatoes, turnips, and other stuff. And as I wrote in my second book, Evil Plans: hey, guess what — we’re all crofters now. Even people with secure day jobs in big corporations.Thanks to the Internet, we all have a little electronic “croft” — an electronic smallholding — to call our own what is commonly referred to as our own digital identity, which we can cultivate, like a small farm, however we see fit.
The good news is that, unlike my grandfather, we don’t have to spend our whole lives growing potatoes and shearing sheep for a mere pittance. We can sell things people find valuable — art and cartoons in my case, maybe consulting gigs or whatever in your case….
The Internet makes all this possible.
Go.
Please let me know if you agree or disagree with my thoughts in the comments. If you disagree, I would love to hear from you. I want to read, listen, and learn from YOUR PERSPECTIVE.
Comments are open. So let’er rip!
Share my work with your friends. Ideas that spread win. You can subscribe to my blog via email (and can unsubscribe any time you like).
Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Photo Credit: Anton Diaz
Brrrr! It’s cold in The Midwest (East/West Coaster Translation: The Flyover States). Please keep warm and enjoy these share-worthy links during your Sunday brunch.
1. NYTimes.com: Whether Working or Job Seeking, The Algorithm is Watching. Natasha Singer of The New York Times profiles two upcoming books in 2015:
Both detail how our online actions shape our personal and professional opportunities. Fertik’s book describes how machines trumps humans in important stages of the hiring process: Applicant Tracking Systems (ATS) in resume screening.
21st century job-hunting demands a personal, digital marketing strategy. Here’s the article direct quote:
To better position oneself for such technology-aided hiring and workplace ranking systems, the authors suggest that people make their résumés “machine-readable.” For instance, they recommend that job seekers include concrete descriptions of their professional skills and competencies in their areas of expertise as well as signposts enumerating their career trajectories — all in language that algorithms could easily parse.
“A machine can figure out from your résumé how quickly you progressed from manager to senior manager to director — and whether your pace outstripped or lagged the typical pace,” said Michael Fertik, a co-author of “The Reputation Economy” and the chief executive of Reputation.com, a company that helps people and companies manage their online images.
So, before job candidates start worrying about whether they will be properly dressed for a job interview, he said, “it’s important for them to figure out if they’re dressed for the Internet.”
Dorie Clark, author of ReInventing YOU and the upcoming Stand Out, teaches traditional resumes are obsolete. There's a better way to acquire potential employers -- leave digital footprints via blogging, posting past project deliverables on Slideshare, updating our LinkedIn Profiles, etc.
Video via The Wall Street Journal: What Happens When You Submit Your Resume Online
Photo Credit: The Wall Street Journal — Your Resume Versus Oblivion
2. Entrepreneur.com: The 3 Ways Entrepreneurs Fail at Personal Branding and LinkedIn.com: Why You'd Better Start a Personal Website in 2015. Personal branding matters. Everyone participates in social media participation. Demonstrate to potential employers and clients you go the extra mile. Create and promote a personal blog or website to:
3. Bloomberg Businessweek: Tony Hsieh Is Building a Startup Paradise in Vegas. Bloomberg’s Susan Berfield describes the highs and lows of The Las Vegas Downtown Project. Tony Hsieh’s entrepreneurship and urban experiment to revitalize, reimagine, and reinvent downtown Las Vegas relies on 3C’s: Collisions, Co-learning, and Connectedness. His involvement consumes 50% of his day (the other 50%--- being Zappos CEO).
The "Return on Collisions” metric fascinates me:
Hsieh also came up with a way to calculate the value of people who “subscribe to downtown Las Vegas” but don’t want to live there. He’d tried to persuade Jake Bronstein to leave New York in 2012. Bronstein is the founder of Flint & Tinder, which makes the 10-Year Hoodie and other clothes. Hsieh invested in the retailer and says Bronstein comes to Vegas one week every month. “We did the math on Jake. When he’s here, he’s out about 12 hours a day, 7 days a week, for 12 weeks a year. So he’s worth 1,000 collisionable hours, too.”
Hsieh began to apply this metric to investments that might not make money for a while. “Say we want 100,000 collisionable hours a year from an investment. That works out to 2.3 hours per square foot per year,” he says, with a slight smile. “If we’re going to invest in a 3,000-square-foot restaurant, we can do the math and see if it yields that 2.3 hours per square foot per year. We’re kind of agnostic about what goes into a space. It’s ‘are you going to yield those collisionable hours?’ If not, we can say no without judging the quality of the idea.”
Please let me know if you agree or disagree with my thoughts in the comments. If you disagree, I would love to hear from you. I’m also here to read, listen, and learn from YOUR PERSPECTIVE.
Comments are open. So let’er rip!
Ideas that spread win. You can subscribe to my blog via email (and can unsubscribe any time you like). Please share my work with your friends.
Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Photo Credit: TechCrunch
Dear Marissa,
Navy Seals say, "the only easy day was yesterday."
I can’t imagine what you feel as negative press swirls around you during your CEO tenure at Yahoo!. From an outsider’s perspective, it seems like you’ve been under personal siege since the summer of 2012 when you accepted Yahoo!’s top job. Tomorrow, a well-publicized book will be released about you. I’ve pre-ordered it to review and draw my own conclusions.
But, I don’t have to read the book to conclude how “tearing down Marissa Mayer” exploded into a schadenfreude, spectator sport.
I’m not a Yahoo! stockholder, but I cheer and root for you. Everyday.
I have personal and selfish reasons for writing this public fan letter:
"Sometimes it is the people who no one imagines anything of, who do the things that no one can imagine."
Please let me know if you agree or disagree with my thoughts in the comments. If you disagree, I would love to hear from you. I’m also here to read, listen, and learn from YOUR PERSPECTIVE. Comments are open. So let’er rip!
Ideas that spread win. You can subscribe to my blog via email (and can unsubscribe any time you like). I hope you’ll also share my work with your friends.
Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Photo Credit: Anton Diaz
Happy 2015! Hard to believe a new year's already here?
I found many interesting and thought-provoking articles to share this week. Thank you for supporting the Social Media ReInvention Community. Enjoy your brunch!
1. Fast Company: 14 Tips to Make 2015 Your Most Productive Year Yet. How are you doing with your New Year’s Resolutions? I’ve already slipped up. Maybe, there’s a better way: Focus on Themes Not Goals. Let's focus our efforts on one thing at a time so these changes become productive, lifelong habits.
That’s a goal worth shooting for (yes, rah-rah puns intended)!
2. Seth’s Blog: The Meritocracy Trap. Seth Godin calls out the David Sacks quote discussed in Joe Nocera’s New York Times Op-Ed piece on personal success and meritocracy — "Silicon Valley’s Mirror Effect.” Seth’s post describes the perils in achieving ultra-phenomenal success: it can lead to self-serving cultures, attitudes, and mindsets.
Seth’s and Joe’s articles make me think what I can do as a proud dad and father to two young daughters. I want the best for them. I want them to have the same opportunities (and more) my parents created for me and my sister.
That’s how this next article comes into play ...
3. WSJ Online - Digits Blog: The Year Silicon Valley Spilled Its Diversity Data. This interactive, diversity data website simply and visually explains the hiring data story behind Silicon Valley’s gender and diversity gap in The Valley’s most prestigious and successful companies:
Please let me know if you agree or disagree with my thoughts in the comments. If you disagree, I would love to hear from you. I’m also here to read, listen, and learn from YOUR PERSPECTIVE. Comments are open. So let’er rip!
Ideas that spread win. You can subscribe to my blog via email (and can unsubscribe any time you like). I hope you’ll also share my work with your friends. Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Photo Credit: Anton Diaz
I hope you enjoyed a blessed and joyful Christmas Holiday with your family, friends, and loved ones! Here are your share-worthy links to enjoy during Sunday Brunch. Have a great Sunday!
1. Careerealism.com: Don’t Let Your Job Title Define You. The title says it all (pun intended). Pouncing on personal branding and reinvention opportunities matters more than ever. We're all individual startups. Resumes are becoming less relevant in a digital age so make a New Year’s Resolution to build your online presence.
2. Unreasonable.is: The 7 Emails You Need to Know How to Write. Email isn’t dead. It remains one of the first ways we build and establish relationships. If you want your emails noticed, read, and acted upon by important/busy people, read this great, how-to article. This one went straight into Evernote for frequent and easy reference.
3. NYTimes.com: A Brand New World In Which Men Ruled — Instead of narrowing gender gaps, the technology industry created vast new ones for Stanford University’s pioneering class of 1994. If you Google "gender equity” or “gender gap,” you'll find the work of The New York Times' Jodi Kantor. Her thought-provoking and must-read article provides smart perspectives and analyses on the root cause(s) of the current Silicon Valley gender gaps.
Kantor's root cause analyses reveals:
The most successful Stanford Class of 1994 female entrepreneur, Jessica DiLullo Herrin, executed a flanking strategy to build and grow Stella & Dot. She created a digital services company but shunned The Valley’s traditional route creating a product or using venture capital funding. In her words (direct quote from the article):
“I’ve never tried to sit at the boys’ table.”
DiLullo Herrin's flanking strategy may prove to be the best way for women to beat The Male Silicon Valley Establishment at their own game.
If yes, please share it with your friends and subscribe to my blog. Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Photo Credit: Gerard Stolk (vers Noël)
Thank YOU. Publishing and writing for Social Media ReInvention Community Members brings me immense joy and fulfillment. I can’t thank you enough for your amazing support and generosity to read and share my content. Thank you of sticking with me for five and half years! Time's flown by.
If you missed some of these, you can check them out here:
1. Lesson 2 of 6: Reinventing You After Age 50 Case Study -- Michael Ovitz and Shifting Your Behavior
2. Mark Zuckerberg's 5 Point Plan for Facebook's Future Growth and Mobile Domination
4. 3 Career Management Lessons for a Social Media Age I Learned From My Dad
5. Lesson 3A of 6: Reinventing You After Age 50 Case Study -- Michael Ovitz and Developing Validators
6. Book Review: The New Rules of Sales and Service by David Meerman Scott
7. #FAIL: #AppleLive Debacle Exposes Apple's Real-Time Marketing Weaknesses
8. 4 More Gifts to Support Others That Power Your After Age 50 Reinvention
9. 3 Tips on Writing and Storytelling from Twitter's Investor Relations Team
10. Tim Cook's Killer Innovation Hack: Diversity in Thought in Apple's Ecosystem (with a Capital D)
That’s Kind of a Big Deal. I’m grateful because I reached that achievement through your support:
If yes, please share it with your friends and subscribe to my blog. Many Thanks!
Tony Faustino is a marketing and corporate strategist. He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.
Inbound Marketing Certified Professional and Author, Social Media ReInvention Blog
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