Facebook's Moment: Ready or Not, the Time Is Now

  |  May 21, 2012   |  Comments

Facebook must now grow into the promise the platform offers for the benefit of all.

There is no shortage of Facebook pontificating at the moment. Most of the coverage seems to reside in the hype cycle's trough of disillusionment about whether Facebook is worth the $100 billion-plus valuation it aims to achieve once it rings the NASDAQ bell from 1 Hacker Way. From the analysis of GM's curiously timed declaration that it would no longer buy paid media on the social platform, due to ineffectiveness, to the ongoing comparisons to Google's IPO, and the growing cries about a new tech bubble - everyone seems to be an armchair "Mad Money" contributor.

Something seemingly lost in the analysis is that Facebook is here, not entirely because it wants to be, but because it has to be. Whether or not Facebook is ready to be a public company (with Mark Zuckerberg bucking the "Wall Street Way" for his "Hacker Way" culture) has been rendered irrelevant. The Sarbanes-Oxley regulatory guidelines declare that Facebook must go public. Once "The Book" reached a threshold of private shares issued along with more than 500 private shareholders and requirement to file public financials, the die was cast and there was only one option - to become a publicly traded company.

By all accounts, Mark Zuckerberg is focused on one overarching objective: to maintain the Facebook mission. To be realized, that mission does not necessarily require advertising, and while Facebook understands the financial benefits, it has shown no more interest than Google did originally in evolving away from its core to be an advertising platform above all. But, it's still early days.

Back in 2004, when Google went public, the commentary focused on it being a one-trick pony. Everyone readily acknowledged that it was a really good trick, but people questioned where it would go from there. Almost a decade later, it's grown to become the most wide-reaching digital company ever seen. Facebook's advertising model is not what Google advanced in search, so what people have to trade on today is reach and scale more so than a fully realized and refined ad platform built on consumer insights.

In Facebook, we are looking at a rapidly maturing, but still not quite ready for the moment company. Forget for a second what GM has stated, or what analysts suggest and realize - that this moment is one that Facebook is experiencing because of the system as much as its own aspirations. That's not to say Facebook will never evolve to be the company it can be, but merely to acknowledge that for now, all comparisons and evaluations are done off a highly dynamic and changing platform.

The future state of media will most certainly be more mobile and the open graph on which Facebook resides will play a large role as well. What Facebook is really worth is as elusive as what a Facebook fan is worth to most brands today. But just like the extensive efforts brands and agencies are undertaking to quantify the worth of Facebook investments, the real value and offering from Facebook will be shaped over time.

For both brands and Facebook, the full realization of value is not yet here. However, this moment is, and Facebook must now grow into the promise the platform offers for the benefit of all.


ClickZ Live San Francisco This Year's Premier Digital Marketing Event is #CZLSF
ClickZ Live San Francisco (Aug 11-14) brings together the industry's leading practitioners and marketing strategists to deliver 4 days of educational sessions and training workshops. From Data-Driven Marketing to Social, Mobile, Display, Search and Email, this year's comprehensive agenda will help you maximize your marketing efforts and ROI. Register today!


Chris Copeland

Chris Copeland is chief executive officer of GroupM Next, the forward-looking, media innovation unit of GroupM. Chris is responsible for curating and communicating insight-focused media solutions across established and emerging platforms. Leveraging his multi-year experience with emerging media companies, Chris is tasked with stewarding GroupM Next in partnership with agency leadership from GroupM's four media marketing and marketing service agencies (Maxus, MEC, MediaCom, and Mindshare).

Guiding the Predictive Insights, Technology, Education, Research, and Communications teams at GroupM Next, Chris is responsible for overseeing the amplification of insights into opportunities that directly benefit the business of GroupM agencies and their clients. GroupM is the world's largest media investment management group and the media holding arm of WPP.

Chris was selected to lead GroupM Next after nine years of leading the search marketing practice within GroupM. Among his accomplishments include the development and integration of the global search marketing offering for GroupM agencies, GroupM Search, which manages $1.3 billion in search billings globally and has grown to more than 1,000 search marketing strategists serving 40 countries.

Chris is an active member on advisory boards at the 4A's, Google, Yahoo, MSN, and I-COM. He is a frequent speaker in global forums discussing the digital marketplace, and contributes editorial commentary regularly to Advertising Age, ClickZ, MediaPost, and MediaBizBloggers.com.

COMMENTSCommenting policy

comments powered by Disqus

Get the ClickZ Search newsletter delivered to you. Subscribe today!



Featured White Papers

BigDoor: The Marketers Guide to Customer Loyalty

The Marketer's Guide to Customer Loyalty
Customer loyalty is imperative to success, but fostering and maintaining loyalty takes a lot of work. This guide is here to help marketers build, execute, and maintain a successful loyalty initiative.

Marin Software: The Multiplier Effect of Integrating Search & Social Advertising

The Multiplier Effect of Integrating Search & Social Advertising
Latest research reveals 68% higher revenue per conversion for marketers who integrate their search & social advertising. In addition to the research results, this whitepaper also outlines 5 strategies and 15 tactics you can use to better integrate your search and social campaigns.



    • Internet Marketing Campaign Manager
      Internet Marketing Campaign Manager (Straight North, LLC) - Fort MillWe are looking for a talented Internet Marketing Campaign Manager to join the...
    • Online Marketing Coordinator
      Online Marketing Coordinator (NewMarket Health) - BaltimoreWant to learn marketing from the best minds in the business? NewMarket Health, a subsidiary...
    • Call Center Manager
      Call Center Manager (Common Sense Publishing) - Delray BeachWanted: Dynamic Call Center Manager with a Proven Track Record of Improving Response...