Facebook is NO ‘Market Research tool’ ! Telegraph misinterprets FB

facebookTelegraph,UK’s notable news source recently wrote a post regarding Facebook opening up another stream of revenue by making their 150m userbase available for market research.In their whole write-up,they wrote all what they could think of,imagining Facebook as a comfortable market research tool for herd of companies that are collectively exhausting billions of dollars in market research every year before investing into actual product manufacturing.

At first,it genuinely seemed a bit astounding to me as sharing private user data for market research will make plenty of  users feel like ‘specimens for lab experimentation’ and made me remember what all happened when ‘beacon’ came into picture earlier.

But most of the news report from Telegraph seems to be nothing more than a figment of imagination,after largely misinterpreting Facebook’s future plans revealed at Davos.According to AllFacebook,a notable source for anything that’s concerned with Facebook,has updated its post regarding the issue,saying

Update
I spoke with Facebook’s communications department and was informed that the Telegraph article was factually incorrect. Randy Zuckerberg’s comment was misinterpreted apparently. There are two systems right now: the reuse of Facebook’s previous polling system which was displayed at the World Economic Forum and the new polling engagement ads. Essentially everything about this article was incorrect. Looks like the Telegraph messed up this time around.

It seems Facebook doesn’t really want to plant another ‘beacon’ in their revenue model and make their audience more annoyed.

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Prashant Sharma

Prashant Sharma is a Delhi based Entrepreneur who spent most of his college days polishing his marketing skills and went for his first business venture at 19. Having tasted failure in his entrepreneurial debut, he turned a Tech-enthusiast, specializing in web technologies later. Today, he heads AQR8 Media, a Digital Marketing and Technology firm and writes at TechPluto as well. Join him on Twitter , Facebook and Google+

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Comments (5)

  1. [...] the article, Networking site cashes in on friends, published by the Daily Telegraph (admittedly contested elsewhere) caught my eye as offering an interesting alternative to the traditional [...]

  2. Market research is always essential for the succes of any kind of business..“

  3. all businesses need market research to make sure that a product will succeed.”~”

  4. market research is always necessary to establish supply and demand data.*”

  5. This is the best web blog I have read.

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