Fusion-io (FIO) CEO Flynn Lauds Facebook (FB), Says Google (GOOG) Doesn't Care About Users
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What does Fusion-io (NYSE: FIO) CEO David Flynn have to say about Facebook's (Nasdaq: FB) search data versus Google's (Nasdaq: GOOG)?
Well, most of it isn't really nice for Google. To be fair, the company noted during its call that Facebook was one of its top three revenue contributors last quarter, so it has a little bit of a business interest here.
Flynn commenting on Facebook and Google during Fusion-io's Q4 conference call Thursday, during the Q&A session [note: emphasis is ours]:
"So Facebook has a very different culture than Google, especially in the leveraging of outside specialists in different areas. The founding culture within Facebook has been to show that it's somewhat folly for Google to go and reinvent everything that's not part of their core business value. So I think it somewhat goes to that...[t]here's a fundamental difference too in the type of business that they are both in. Google holds transient data. It doesn't matter if the search result is wrong or lost. You don't notice and it gets refreshed by the next day anyway. With Facebook, it's actually the data matters, storing that stuff. People have their life's interaction with their friends on there, and that -- were it to be lost would kind of really hurt. So it's the difference between having people actually care about their data, in which case they're going to potentially use experts in the field more than where it doesn't matter."
Interesting. Fusion-io shares are up over 26 percent Friday following strong guidance. Facebook is also higher, while Google is lower.
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Well, most of it isn't really nice for Google. To be fair, the company noted during its call that Facebook was one of its top three revenue contributors last quarter, so it has a little bit of a business interest here.
Flynn commenting on Facebook and Google during Fusion-io's Q4 conference call Thursday, during the Q&A session [note: emphasis is ours]:
"So Facebook has a very different culture than Google, especially in the leveraging of outside specialists in different areas. The founding culture within Facebook has been to show that it's somewhat folly for Google to go and reinvent everything that's not part of their core business value. So I think it somewhat goes to that...[t]here's a fundamental difference too in the type of business that they are both in. Google holds transient data. It doesn't matter if the search result is wrong or lost. You don't notice and it gets refreshed by the next day anyway. With Facebook, it's actually the data matters, storing that stuff. People have their life's interaction with their friends on there, and that -- were it to be lost would kind of really hurt. So it's the difference between having people actually care about their data, in which case they're going to potentially use experts in the field more than where it doesn't matter."
Interesting. Fusion-io shares are up over 26 percent Friday following strong guidance. Facebook is also higher, while Google is lower.
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