create a story with the following vocab words. they dont have to be in order. it can be 200 words or less. Just have to use all of the highlighted words. 

1. So what happens in between fame and riches? Investors! People who believe in a company pour money into it in hopes that it will prove to be a good investment, and make them money in return.
2. Much money has passed hands as Facebook's Mark Zuckerberg gives portions of the company's equity (stock) to constituents such as Facebook staff.
3. A company may launch a product several times before it actually works well. This tactic of trial and error is called the version 3 phenomenon. Microsoft is famous for it.
4. The Web business model we call Ads means making money from promoting other people's products on your site.
5. The Web business model we call "selling stuff" means making money the way it has been made forever, exchanging physical products for money.
6. the Web business model we call Infomediation means making money by being in between the people who have info and those who need it.
7. The Web business model we call "selling data" means making money by selling what you know about your users.
8. When data is anonymous it is unlinked from anyone's identity. But is it more or less valuable when it is not linked to you? Would you pay more for linked data?
9. The Web business model we call Subscriptions means charging people by the month for your service.
10. The Web business model we call "selling to businesses" means making money not from individuals but from organizations who will pay for what ordinary people may not.
11. Users don't want to pay for software, but businesses do. For example, Google charges companies who want to use their products on intranets (internal sites). The same could happen with Facebook.
12. The Web business model we call "getting underneath" other businesses means making sure even your competitors need your product to succeed.
13. Facebook is angling to be the single sign-in on the Web. For now Facebook sign-in is free for other companies to use, but once everyone is using it, will Facebook try to monetize it? Why wouldn't they? When users expect to use only the Facebook sign-in, other companies would be forced to pay Facebook so their users can have what they want.
14. The business model for mobile is evolving: the most common strategies are to sell many units for a very low price each, or the “freemium” model in which they give away the product, then sell virtual goods and extras.
15. It's hard to get discovered in the virtual market; giving things away for free helps earn eyeballs and buzz. If you establish a large base, you can then upsell users (that is, get them to buy more after they have the basic product).
16. Farmville's method consists of: 1. Frustrating you; 2. Rewarding you (you can pay more to “unlock” systems); and 3. Creating a gift economy (which is really viral marketing. They get users to advertise for them, in this case by giving and getting gifts among friends).
17. Facebook is dogfooding the intranet capabilities of the site. That means Facebook teams themselves are using the capability first to prove that others might want it as well.

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Status NEW Posted 27 Aug 2017 07:08 AM My Price 10.00

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