Don't say Facebook Inc. (NASDAQ: FB ) isn't listening to you. Soon, the social network will roll out a feature that allows its mobile Android and iOS apps to tap into the mic of a handset to identify and post what music you're listening to or TV show you're watching. Fool contributor Tim Beyers explains the implications in the following video.
Some will no doubt see the feature as an invasion. Others, as an enhancement. Whatever the ratio, Facebook product manager Aryeh Selekman wrote in a blog post that the trends point toward users sharing more. Selekman wrote:
You may have seen a friend post a photo after a rough workout with a "feeling proud" icon. Or you've seen your friend check in at a coffee shop "drinking an iced coffee." In the last year, people shared more than 5 billion status updates that included these kinds of feelings and activities, sparking conversations in a more visual way.
Adding the ability to share music and TV tastes -- what you're listening to or watching at any given moment -- fits this same mold. But the news is also bigger than that. Rather than displaying ads based on what you say you like (i.e., "likes," group membership, etc.), Facebook will be able to display ads or offer products based on what actually entertains you on a daily basis. Tim says that's a win, for both users and investors.
Now it's your turn to weigh in. Do you want Facebook listening in on your playlist or TV time? Please watch the video to get the full story and then leave a comment to let us know your take, including whether you would buy, sell, or short Facebook stock at current prices.
R.I.P. Internet -- 1969-2014
At only 45 years old... the Internet will be laid to rest in 2014. And Silicon Valley is thrilled. Because they know... The Economist believes the death of the Internet "will be transformative." In fact, the CEO of Cisco Systems -- one of the largest tech companies on the planet -- says somebody's going to bank "14.4 trillion in profit from one concept alone."