Online Social Networks and the Ascent of Facebook. As bizarre as this sounds, one of the most valuable innovations in technology over the last several decades is Facebooks Like button. Thats what has propelled the company to a galaxy orbit valuation for its forthcoming initial public offering, filed Wednesday. This is not only because the word like is, like, the identifying word of an entire generation. Its because computing has evolved beyond just taking directions from humansand instead is cozying up to us and sniffing out our emotions and intent. Three decades ago, if someone had told you that a company that didnt make any physical products, had existed for less than a decade, and had less than 3,0. But here we are, three decades later, and stock market participants appear ready to award a 1. Facebook FB. Are they crazy Is this irrational exuberence taken to another level Mark Zuckerberg and his team have done an amazing job creating something out of, literally, nothing. Facebooks valuation does appear bubbly and contrarians like me would never buy it at these valuations. However, the companys fundamentals are far more solid than many skeptics claim. Facebook is not what it seems the more I read about it, the more impressive it gets. What is Social Networking Here is a quick recap of social networking through the ages. I never read Time magazine but it was once famous for its Person of the Year award it gives out. I think the significance of that award has been lost, now that politicians and others accomplishing little in the world continuously keep receiving the citation, but, nevertheless, sometimes, it signals major social changes. Watch The Red Turtle OnlineTime may have been onto something when it named Mark Zuckerberg as Person of the Year in 2. Julian Assange of Wiki. Leaks was more deserving but Zuckerberg was a worthy pick as well. In justifying its choice for the 2. Watch Online. 40. Based on. Teenage Mutant Ninja Turtles Out of the Shadows 2016. Turtles Can Fly in Exclusive Teenage Mutant Ninja Turtles. Turtles Can Fly 2004 Hollywood Movie Watch Online. Starring Soran Ebrahim, Avaz Latif, Saddam Hossein Feysal Director Bahman Ghobadi Genre Drama, War Movie. You can watch the full interview on YouTube, though I wouldnt recommend doing so during breakfast. Disclaimer You are leaving a Gizmodo Media Group. Online Social Networks and the Ascent of Facebook. Response to Online Social Networks and the Ascent of Facebook. Copyright 2013 Can Turtles Fly Turtles Can Fly movie reviews Metacritic score. Continue with Facebook. OR. LOG IN CREATE AN ACCOUNT. Please watch. Instantly find where to watch your favorite movies and TV shows. With WhereToWatch. TV. Facebook Twitter Instagram. Turtles Can Fly ImdbPerson of the Year, Time wrote a fitting description of why social networking has risen to such heights and why there is so much hype around it. Watch Island Of Fire Putlocker'>Watch Island Of Fire Putlocker. On or about December 1. Virginia Woolf, 1. She was exaggerating but only a little. Woolf saw a fundamental shift in. Watch Mars Needs Moms Online IMDB. Those changes. she predicted, would bring about transformations in every sphere of life, from. Few would say she got it wrong. A century later, we are living through another transition. Turtles Can Fly' title='Turtles Can Fly' />The way we connect. There is an. erosion of trust in authority, a decentralizing of power and at the same time. Our sense of identity is more variable. What was once considered intimate is. Evolutionary biologists suggest there is a correlation between the size of. Humans have the largest neocortex and the widest social circle about. Robin Dunbar. Dunbars number 1. Facebook. Because. Watch Barbershop 4Shared. Now the possibility of connection is accelerating. As the great biologist E. O. Wilson says, Were in. Online social networks are radically changing the nature of life. One hundread and fifty friends may be the optimal number but I think people have many more social contacts when it comes to online social networks. I wonder if humans have permanently expanded our capacity to surpass the Dunbar number. Discover the best in independent, foreign, documentaries, and genre cinema from IFC Films. Its understandable that Turtles Can Fly, set in Kurdistan on the eve of the American invasion of Iraq, has been. The Fly Watch Online' title='The Fly Watch Online' />I am having problems with information overloadcant even follow anything on Twitter due to too many tweets and I dont follow too many tweeters eitherbut the younger generations seem to be adept at handling it, and keeping in touch with many more people. I was planning to go into greater length on the importance of online social networks, as well as criticism of them, but this post is very long and Ill save it for another day. As one author once remarked, social networks are a reflection of human elements of nacissicism and voyeurism. Lets save the underpinnings on why they are popular for another day. Its suffice to say that there are many different types of social networks that are forming. My feeling is that the Internet has magnified some activities that happened in the real world onto the virtual world. These range from mass broadcasting Twitter, to professional networks Linked. In, to photo scrapbooking Pinterest, to you name it. Some of the key benefits of online social networks are as follows some of these are really benefits of the Internet revolution which are being magnified by online social networks Easily connect with friends, family and relatives Once upon a time, it was difficult to keep track of friends you havent seen in a while or who have gone in a different direction in life. Not anymore. Socialize with strangers if you want Depending on the social network and your nature, you can have a somewhat deep discussion with strangers as easily as with friends. In contrast, in real life, it is rare that you can start a discussion with some stranger, even if they work in your office building or live in an adajcent neighbourhood, without some difficulties. You can observe or participate Related to the prior bullet, it is more easier to observe things in online social networks and not participate if you dont want to. For instance, I forget the exact number but something like 4. Twitter users dont actively tweet. Similarly, I think  around 2. Facebook users are responsible for more than 5. Easier collaboration We havent seen the power of this yet but once online social networks are established, its easier to collaborate. Right now, most networks seem primitive with only limited video chats and text communications, but imagine watching movies together with distant friends, or listening to a music mix that is being mixed live by one of your friends. Possibilities are endless. Share interests and hobbies In the past, people often formed hobby groups or social gatherings for particular interests. If you were in a town with few others who shared your hobby, you were all alone. This has dissipated with online networks. Cheaply save information, photos, favourite lists, etc Capitalizing on the low cost, widely accessible, Internet, mobile telecommunications, and data storage revolutions, online social networks have made it easyeven for people who arent tech savvyto upload pictures, videos, and the like. In fact, in many cases, it is easier to upload photos to a social network than to your home desktop PC or laptopthis would have been unthinkable even 1. Innovation at the speed of the Internet Online social networks are mostly driven by software innovations and less dependence on hardware, and they are able to innovate at the speed of the Internet whereas the desktop PC and laptop, not to mention corporate computing, are hampered by slow hardware updates and software development cycles. Lower search and transaction costs Online social networks make it easier to find goods and services that interest you more easily and cheaply than traditional sources. One of the reasons Google feels threatened by companies like Facebook is because, asking your social network to recommend a restaurant, for example, will bypass traditional Internet search. This rest of this post will focus on Facebook, which is the strongest and, at least in my mind, the network that encapsulates the greatest benefits and dangers of online social networking. Ill primarily look at Facebook as an investor and will ignore issues pertaining to its social impact. Thoughts on Facebooks Business Model. If rumours and speculations end up being correct, Facebook will end up being priced at ridiculously high PE and PS multiples. I havent checked the numbers but Anh Hoang at Guru.