Tag Archives: Initial public offering

Predicting the Facebook IPO: The crowd gets it wrong

Posted on by Ville Miettinen

… investors, it was the average citizen whose aggregate predictions were closer to the mark.

By offering a real-world example, FacebookIPODayClosingPrice.com adds to the weight of academic studies into curious crowd effects like collective ignorance. What initially looks like a crowdsourcing failure is actually a fascinating opportunity for analysis (and Twitter-stalking). This may be small comfort to those who lost money in the IPO, but will hopefully assist future projects harness the …

Tags: Chris Sacca crowdsourcing Facebook Facebook IPO FacebookIPODayClosingPrice.com Initial public offering Mark Zuckerberg microtask microwork Prediction Twitter

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Can crowdsourcing be used as a tool for evil?

Posted on by Tommaso De Benetti

… wearing a Zoot suit and a monocle, and stroking a pink ferret) logging onto Facebook/Twitter and offering to buy the spoils from anyone willing to rob “jewelry store x”. Unlike the “Eiffel Tower” plot, the announcement wouldn’t be made to the general public. 50 thugs could organize and decide to hit the store at the same time. Of the group, 10 are waiting outside in getaway cars, promised a cut of the loot and another 10 have signed up as lookouts. As with the flash rob crimes, the …


FixMyTransport: keep calm and carry on crowdsourcing

Posted on by Ville Miettinen

Public transport. It’s like teenage dating or job interviews – everyone’s got their own personal horror story. The unheated train that broke down in a snowstorm; getting stuck next to “the crazy guy” on a 6 hour bus ride; any journey on the London tube. Don’t get me wrong, I’m all for cleaner, greener travel but why is public transport always so square ? Where’s the innovation …

Tags: crowd crowdsourcing Fixmystreet microwork mySociety Public transport Tom Steinberg Twitter waze WriteToThem

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Now that’s what I call a remix: confessions of a YouTube-oholic

Posted on by Tommaso De Benetti

… 25,000 people who’ll want everyone they know to download the track. Fans also have deep pockets: Public Enemy have just announced they’ll be recording an entirely crowd funded album, after raising around $60,000 through Sellaband.

With a little help from their fans

In sharp contrast to the music industry (whose legendarily conservative attitudes I’ve been wincing over in the book Appetite for Self-Destruction, The Spectacular Crash of the Record Industry in the Digital Age ) …

Tags: C-mon & Kypski crowd crowdsourcing crowdsourcing platform distributed work music public enemy record industry remix sellaband trailers widesourcing youtube

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Watching Big Brother

Posted on by Ville Miettinen

… this information may prove to be even more useful.

Pressure on governments to publish public information has been mounting for some time. Reflecting this mood, in 2005 a non-binding European Commission directive encouraged increasing openness by member states. But it seems like it is this year that things have started to get moving. On his first day in office, President Obama instructed the heads of federal agencies to release as much information as possible. This has led to a …

Tags: Barack Obama COINS crowdsourcing government data Julian Assange Public.Resource.Org Wikileaks Wolfram Alpha