Fry Up: What did MED tell the Minister?

Facebook sharing

The kids have gone back to school, the sun has come out shining, the ICT Minister is accused of unnecessary secrecy. Time for Fry Up to put down the martini and return to work.

What did MED tell the Minister?

ICT Minister Amy Adams has come under fire from Labour over gaps in the Ministry of Economic briefing paper. The most intriguing blank space is on page 22, which is headed up “Pending decisions or actions required in the next six months.”

What is so top secret about her workload?

Is it because she will be required to make such momentous decisions that its imperative for the wellbeing of the nation that their exact nature not be revealed too soon?

Or is it because there is nothing much left for her to do?

Fry Up has read the document so you don’t have to and couldn’t find anything especially newsy, although para 11 on page 7 offered a wee hint that maybe the government is coming around to the idea that telecommunications and broadcasting are not such distant cousins.

“Changing technology, such as UFB, the evolving relationship between broadcasting and telecommunications sectors, and the changes in the way content and services are delivered through the internet will impact on telecommunications regulatory and competition settings and other areas like privacy and intellectual property law. Legislation needs to allow for, and not impede, the benefits arising from telecommunications.”

By the way the document is dominated by references to telecommunications. There's hardly anything about IT.

"Extraordinary secrecy" in briefing to ICT Minister - Labour

Why I would buy shares in Facebook

Facebook is looking to raise US$5 billion in an Initial Public Offering this year and has filed a stack of papers revealing stuff like revenue of $3.7 billion in 2011, possible plans for mobile use and online payments, and spending $700,000 on the use of a personal plane for founder Mark Zuckerberg and COO Sheryl Sandberg.

While Wall Street bankers are rubbing their hands in glee, no doubt thinking that if a company has over 800 million users it’s sure to raise a heap of money, others - well, Lance Wiggs - are questioning the business case. He writes in his blog:

“It seems hard to imagine higher penetration of Facebook in most Western markets, and there are portends of an early adopter migration to elsewhere, including Google +, Twitter or nowhere in particular. The expansion into new markets is also problematic as the average revenue per user will be lower in those lower income per capita areas.”

Fair enough. But Fry Up would buy shares, and not only because its CEO has use of a personal plane.

It’s because social media has only just begun, to quote The Carpenters. We don’t know what it will do, what services will be created, how it will transform the way we communicate. And Facebook is the biggest social media platform in the world.

So yes, we would buy shares – although its doubtful we would actually sign up to the thing.

The Facebook IPO: comments

Facebook IPO reveals some eye poppers

Facebook IPO filing addresses mobile customers

Facebook files for highly anticipated IPO, revealing financial information

Musical interlude

The prefect response to ringtone interference.

Why I won’t be buying shares in Facebook

Fry Up will not be buying shares in Facebook because we don’t live in the US (although there are probably ways to get around that) and also we don’t have any money to buy shares.

It’s all about ‘working for the man’ here. Here's how one Computerworld reporter began an article on travelling tips for business users:

“Recently I travelled to Florida to cover a technology conference. The trip each way took around 24 hours, and I was expected to be able to work and report as soon as I landed.”

BYO: 5 tech tips for the business traveller

A tribute Today the Kiwi entertainment community will farewell Anna - better known as Mary - Yandall, a key member of the Yandall Sisters, who has died aged 62. In this video the Yandall Sisters play with 80s Kiwi pop band Satellite Spies.

Musical Fry Up readers will know that Satellite Spies band member Mark Loveys has gone on to have a very successful IT career.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags FryUp

Show Comments