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Tuesday, October 26, 2010

The facebook effect

*Starred Review* The greatest measure of the appeal of a business narrative is its story-ability, that is, the ways in which the tale of a corporation's ups and downs grabs its readers. Such is the case with Fortune magazine journalist Kirkpatrick's look at Facebook and its growth. The reason? In part because its co-founder now CEO Mark Zuckerberg allowed almost unprecedented access to the author--not one but several times. The results seems to mirror Zuckerberg's insistence on an open and transparent dialogue with itself and with its customers. Starting from a 2003 Harvard campus Web site created to keep track of schoolmates, Facebook has grown in less than a decade to nearly a half billion users and multimillions in revenues, a growth trajectory credited to its C-suite's unwavering vision and its continual innovations--including News Feed, multiple applications, and self-service advertising. Talented people, too, add to the explosion that is Facebook; Kirkpatrick's pages are populated with names like Steve Ballmer, Lawrence Summers, Larry Brin, and lesser-known others who've contributed to this social networking phenomenon. Kirkpatrick also keeps his superlatives in check, weaving stories about Zuckerberg and his cadre while clearly showing the warts as well. An intriguing, almost participatory, read.--by David Kirkpatrick

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