Why Anti-Facebooks Won’t Work.

A couple years ago now, when Facebook was at the height of it’s privacy issues, a few young kids decided they needed to do something about it. They came up with an idea they called Diaspora. It was exactly what we needed at the time, a Facebook where you owned all your own data. They posted this video:

Kickstarter video

And the web went nuts. Kickstarter was new, relatively untested, unsure of what it would become and who would want to participate. But then these kids, and they were (still are) kids, completely blew the doors off their fundraising plan netting over $200K from over 6,000 investors donors.

People were hungry for a site that would deal with the privacy issues that they didn’t understand, that they media was over-hyping.

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The Social Media Nuclear Option.

If you follow me on Twitter you may have seen me tweeting about an unpleasant experience I had at a restaurant yesterday. In fact, if you follow me on Twitter, you probably see me talking to and about companies on a pretty regular basis. But yesterday’s incident got me thinking about whether it’s right or not. Is blasting out negative feedback at the first slight really the appropriate way to deal with a company? Read more of this post

The Blog Breakdown (courtesy of The New Yorker).

 

It’s funny because it’s true.

McDonald’s Monopoly Game and the Prisoner’s Dilemma

One of my first blog posts on Hot Tub Crime Machine was about the similarities between the McDonald’s Monopoly game and classic Prisoner’s Dilemma. Judging by the amount of search traffic this post drives to the blog, it has consistently been one of the most popular posts, even though it’s almost a year old. So with the latest incarnation of the Monopoly game now at McDonald’s, and several new TV ads promoting it (featuring LeBron and Michelle Wie), I felt it was a good time to re-post the classic.

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How QuiBids and other penny-auction sites work.

Have you seen those awful QuiBids spots on TV? The ones where they say you can get an iPad for pennies? Well, as every econ professor I ever had told me “TINSTAAFL” – there is no such thing as free lunch.

A lot of people think it’s a straight up scam, that the auction sites just take your money, or that the products don’t really exist. That’s not exactly true. In fact, you could potentially get a good deal on an item, but QuiBids (and its competitors) are getting a much better one.

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