<![CDATA[Gawker: valleywag, 60 minutes]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, 60 minutes]]> http://gawker.com/tag/valleywag/60minutes http://gawker.com/tag/valleywag/60minutes <![CDATA[A Chinese video to remind you how awesome your life is]]> 60 Minutes did a segment on Chinese people who live and work among "e-waste," the recyclable-yet-toxic remains of discarded consumer electronics devices. An Engadget reader dug up this longer, more yucky Current documentary. I'm going to get a sandwich, so I can fall to my knees and thank God for it.

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<![CDATA[Facebook Makes For Lowest-Rated "60 Minutes" All Year. No, Wait, Maybe It's The Mass Rape.]]> Don't pretend the low ratings for Sunday's 60 Minutes segment about Facebook say anything meaningful. Tech blog Silicon Alley Insider concluded that the world at large doesn't care about Facebook, but that's an unfair assumption. The awkward interview with site founder Mark Zuckerberg and a description of a site mostly geared toward college students may not have been the best material for the show's aging audience, but how many of them were even tuned in after the preceding segment, which explored rape and genocide in the Congo? It feels good to draw an obvious conclusion — Surprise! Old people don't care about Facebook — and I can sympathize with anyone squeezing a blog post out of a fake analysis. But the exercise is utterly useless when there's a more obvious answer.

UPDATE: Oh yes, maybe it was the NFL playoffs! There's always a more obvious answer, especially for those of us who only hear about spectator sports when our pilot announces a game score as we touch down in SFO.

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<![CDATA[Beacon a business failure, too]]> Is it advertising if no one pays for it? In its rush to criticize Facebook's Beacon in last night's segment on the hot social network, 60 Minutes forgot to ask that question. In dramatic tones, correspondent Lesley Stahl ominously noted how "advertisers pulled out" after controversy erupted over the feature, which reports on users' online activities, including purchases. Facebook CEO Mark Zuckerberg defended it to Stahl as the future of advertising, a form of sponsorship less crass than banner ads. If it's the future of advertising, though, it's not a very lucrative one.

Beacon alerts appear in Facebook users' news feeds. That's valuable advertising inventory, where Facebook currently sells ads at a CPM, or cost per thousand impressions, of $5 to $7, or so we hear. Facebook's Beacon partners, however, get that placement for free.

It's understandable that Facebook would be cautious in charging for such a novel advertising medium. But it also displays a lack of confidence in Beacon that belies Zuckerberg's bluster. If he really believed in Beacon, why wouldn't he demand that advertisers pay for it? As it stands, Beacon has generated a ton of bad press for Facebook, the 60 Minutes interview included — and exactly zero million dollars of revenue.

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<![CDATA[$4 billion doesn't do much for Zuck's wardrobe]]> With his 27 percent stake in the company, Facebook CEO Mark Zuckerberg is worth about $4 billion. (In an interview aired last night, 60 Minutes put the figure at $3 billion, but the venerable show is — how to put this delicately? — incorrect.) So what does a billion here, a billion there do for the 23-year old founder? Not much to improve his wardrobe, apparently. "You don't look like you're buying expensive clothes," interviewer Lesley Stahl tells him. Ouch. And it sounds like that paper wealth isn't doing much to improve Zuck's housing situation, either.

"I have a little one-bedroom apartment with a mattress on the floor," he told Stahl.

OK, so maybe we got it wrong when in early December we reported Zuckerberg cashed out. But Zuck's taste in Italian leather loafers — his only upscale apparel — tells us maybe he wishes we'd gotten it right.

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<![CDATA[Facebookers are late for everything]]> "Facebook headquarters in downtown Palo Alto looks like a dorm room," Lesley Stahl narrated during last night's 60 Minutes piece on the company. "Facebook employees," Stahl also tells us, "show up late, stay late, and party really late." At the end of the the montage, it cuts to a darkened room where an employee continues to grind out work on his laptop while several others sit scrunched shoulder to shoulder on a red couch. There's also a DJ in the room. "Get down!" the music exhorts, 'cause it's totally like party planet down in Palo Alto. Woo. Wake us when they start taking their clothes off or putting on Viking helmets.

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<![CDATA["60 Minutes" scoop: Zuckerberg remains awkward with humans]]> "You seem to be replacing Larry and Sergey as the people out here who everyone is talking about," 60 Minutes correspondent Lesley Stahl told Facebook CEO Mark Zuckerberg during his interview last night. In response, Zuckerberg sniffs. Then there's a beat. He blinks. Then Zuckerberg asks: "Is that a question?" He looks off camera and chuckles. Here's to another 100 years of puff pieces turned sour by petulance.

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<![CDATA[60 Minutes Pauses During Predictable Fawning Over Facebook For Predictable Lashing Of Facebook]]> Facebook is the new Google, but not in the way Mark Zuckerberg wished. The 23-year-old founder is facing the same press backlash as his predecessors at the search company. His recent 60 Minutes interview ignored several pressing questions, and most of the show's 12-minute segment (available on CBS News Video) simply explained Facebook for old people and rehashed the usual "baby CEO" profile. But in the clip below from the end of the segment, Lesley Stahl criticizes Zuckerberg for launching Beacon, Facebook's stalkery program that tracks what users do on outside web sites unless they notice and opt out.

Stahl mentions a man who bought his wife a diamond ring on Amazon Overstock.com, not knowing that Facebook immediately ruined the surprise by telling her and all their friends. It's a neat sob story, even if one could cook up more lurid examples of how Beacon might violate privacy and embarrass users.

In this clip, Stahl asks Zuckerberg about Beacon's privacy violation, and criticizes his "canned" answer. This is nothing brave, since the Internet and news media have already ripped Zuckerberg apart for Beacon. Stahl even cops out on condemning Zuckerberg, letting Wall Street Journal columnist Kara Swisher deliver the death blow.


Brief and incomplete as Stahl's criticism is, it feels good to finally see Zuckerberg get a little of what's coming to him for ruining his promising social network with invasive marketing. Of course, it'll feel better if the criticism wasn't followed by the details of Zuckerberg's wardrobe. Oh boy! Open-toed shoes! Other clothes representative of the casual dressing habits of a 23-year-old male! What a quirky privacy-butchering tech mogul!

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<![CDATA[Mark Zuckerberg gets off scot free in "60 Minutes" interview]]> No one expects the fannish inquisition. Facebook CEO Mark Zuckerberg can breathe easy; he has nothing to fear from 60 Minutes after all. From the looks of the teaser CBS News is running for his upcoming interview, the hardest question Zuckerberg got asked was if he got in trouble at Harvard for launching Facemash, a predecessor of Facebook built from photos he hacked out of school servers. The venerable news organization even got his net worth wrong — he owns 27 percent of Facebook, making him worth $4 billion on paper, not $3 billion. So much for factchecking. Here are the questions we wish CBS's Lesley Stahl had asked — but doubt she bothered:

  • Why were Facebook employees allowed to access private user profiles for their own amusement? What have you done to stop that practice?
  • Why did you bother to launch Beacon ads, and endure a roiling PR crisis over Facebook's disrespect for users' privacy, when you don't even charge for those ads?
  • How badly, exactly, did you rook Microsoft when you renegotiated your ad deal and took their $240 million?

On that last point, there will be an answer soon. And on Valleywag, not 60 Minutes.

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<![CDATA[Facebook faces "60 Minutes" inquisition]]> Facebook has bigger problems than the possibility of an FTC inquiry. 60 Minutes correspondent Lesley Stahl recently visited the company's Palo Alto offices, says Kara Swisher of AllThingsD. According to Swisher, Stahl interviewed CEO Mark Zuckerberg and Chris Kelly, the network's chief privacy officer. Which can only mean one thing: A major exposé on Facebook coming soon on the hard-hitting CBS news show. Don't think it's serious?

Then just remember Razorfish. What's that? You don't remember Razorfish? Exactly. Jeff Dachis, former CEO of the online ad agency, was crucified on television by a 60 Minutes episode in which he proved unable to define what, exactly, his dotcom did to earn its keep. "We've asked our clients to recontextualize their business," said Dachis. Gotcha. While the 60 Minutes appearance wasn't the only thing that did Razorfish in, Dachis's company, once worth $4 billion, was soon sold for $8.2 million. Let's hope Zuckerberg fares better on camera.

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