Lexicon
24.04.2008
It seems sheep throwing, tending to online aquariums and taking the Addicted to Friends quiz is simply not entertaining Facebook users anymore. A new application, Lexicon, is similar to Google trends and it allows users to create a trend graph for different words and (two-word) phrases found on Facebook Walls. People can then see the buzz topics being discussed on Facebook.
Roddy Lindsay, a Facebook Engineer, says: ‘Lexicon pulls from the wealth of data on Facebook without collecting any personal information in order to respect everyone's privacy.’
This is good news following all the recent problems Facebook have had with privacy issues. I assume this application will be used in a fun manner (I can’t imagine too many political debates take place on Facebook walls), but it could be a valuable tool for companies to see if, and to what extent, its product or brand is being discussed on the social networking sites.
However, as Hannah mentioned in a previous blog, Facebook is losing its core audience of young people, possible due to brand devaluation caused by the increasing popularity of the site with businesses and politicians.
If organisations increasingly use Facebook and Facebook continues to add applications that appeal mainly to organisations, its popularity with its core audience will only decrease.

Roddy Lindsay, a Facebook Engineer, says: ‘Lexicon pulls from the wealth of data on Facebook without collecting any personal information in order to respect everyone's privacy.’
This is good news following all the recent problems Facebook have had with privacy issues. I assume this application will be used in a fun manner (I can’t imagine too many political debates take place on Facebook walls), but it could be a valuable tool for companies to see if, and to what extent, its product or brand is being discussed on the social networking sites.
However, as Hannah mentioned in a previous blog, Facebook is losing its core audience of young people, possible due to brand devaluation caused by the increasing popularity of the site with businesses and politicians.
If organisations increasingly use Facebook and Facebook continues to add applications that appeal mainly to organisations, its popularity with its core audience will only decrease.



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