WEEK 5 LECTURE

Today's lecture was by Jason Nelson.
He was hilarious - ripped on a few people, cracked a few jokes - came up with some funny stuff.

JASON NELSON - SCREWING AROUND
"NET ART"
- creative ways you can use the net to "create" stuff
- data visualisation

+ www.speedtest.net:a broadband speed analysis tool that allows anyone to test their Internet connection. Ookla provides this service for free to anyone curious about the performance of their connection to and from hundreds of locations around the world. Whether you test just for fun or you really need to certify and validate the true speed of your Internet connectivity.


THE WAYBACK MACHINE
+ Dot.com - BOOM - (LATE 1990s, EARLY 2000s) At the height of the dot.com boom everyone was trying to cash in on webmania. New businesses were just created to leverage and utilize the communication power of the Internet.

"As a result of the excitement and euphoria surrounding these new Internet-only companies, many of which no longer exist, some investors made a fortune investing in their initial public offerings and everybody was looking to get rich in the next big thing."
'This ending in the market value of many dot-com companies becoming incredibly inflated even though many of them never even turned a profit! When people began to lose confidence in these stocks, a correction occurred and prices returned to a more natural, less inflated level. = BUST/CRASH!
http://education.wallstreetsurvivor.com/what-financial-bubble

Dot.com - CRASH


"On Friday 14th April, Wall Street experienced its biggest one-day fall in history, ending a week in which US markets lost $2 trillion in value — the equivalent to Germany's entire economy. Worst hit was Nasdaq, the stock exchange favoured by hi-tech companies such as Microsoft. Bill Gates saw his personal fortune drop $30 billion in a few hours ... and Amazon.com and other famous e-commerce companies started laying off staff."
http://www.jobsletter.org.nz/jbl12310.htm










Pets.com
> mascot - sock puppet - sold for $50 000
---> bought superbowl ads (high levels of promotion)
---> discounted pet stock. - e.g. 5kg bag of dog food, $10.... normally $15 in shops.
[they didnt think of the shipping cost]
+basically it was an online business that sold pet accessories and supplies to consumers over the world wide web.




EARLY STAGES - 2000

• companies didnt know what to expect
• get rich quick - lose it quicker

YAHOO SURVIVED - been 12/13 years.
> they partnered with Microsoft to fight off Google


THE
INTERNET
IS
FILLED
WITH
UNCERTAINTY.


SOCIAL NETWORKING




MySpace was bought for about 1 billion dollars.
> it has never made money
> NO INVESTMENT
> had its "hay day" about 3 or 4 years ago - now Facebook has taken over!


TWITTER is on the rise - climbing up the popularity ladder as one of the most visited sites, but like most other social networking sites it will fall even quicker than it rose.
> WOOFER - the ANTI-TWITTER site [1400 word minimum]


FACEBOOK - practically a waste of life, (like most other social networking sites)
- although its number one for users

SOCIAL NETWORKING - they rise - then "fall" twice as quickly.

Social networking sites are becoming more specific
> targeting certain demographics
- one example we found was "elftown" (become your own master)

DARK SIDE TO SOCIAL NETWORKING:
+ FASTEST WAY TO BECOME AVERAGE AND DULL
+ PERSONAL BECOMES PUBLIC





THE SITE WHICH JASON THINKS IS THE COOLEST ON THE INTERNET
> the Hungarian Government created a site which is in real time and can display disasters as they happen.
> shows data and disaster zones.
> GPS co-ordinates