06
May
11

Facebook is now paying its users

I’ve noticed that many SiteTalk supporters complain that Facebook is reluctant in paying its users while they make millions of dollars in revenue. To SiteTalk supporters, this is simply unfair. Hence, they would argue that SiteTalk is a better social network because profits are shared.

However, according to Mashable, Facebook has just recently introduced a system where users are paid to view certain ads (at 10 cents/ad). And the credits earned can be used to purchase goods on Facebook Deals.

You can read a bit more about this here: http://mashable.com/2011/05/06/facebookfacebook-10-cents-ads/

What are your thoughts?

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15
Jun
10

SiteTalk: Tupperware-trick to capture members?

A recent June 2010 article in a Swedish newsletter compares SiteTalk’s tactics to selling Tupperware.

Here is a Google translated snippet of the article:

Site Talk since last fall based on their combined social network and online store. In order to win users from Facebook and other networking site with attractive bonuses and discounts.

The idea is reminiscent of a Tupperware party. The more your invited friends acting for, the greater the discount you will receive in the company store.

Here is the link to the original article and here is the English translated version.

02
Jun
10

More voices of concern for SiteTalk

I’ve just stumbled across a web forum with someone called “Hazek” who is also expressing concerns about Unaico SiteTalk being a scam. Like myself, Hazek personally knows someone who has invested in this company and is concerned that the money invested would eventually go down a hole.

He writes:

As the topic says I’m afraid my sister got involved into something very phony and I can’t figure it out. I didn’t know where else to ask this but could please someone here try to research this “business” and tell me if it’s legitimate or a scam.

Visit: http://www.ronpaulforums.com/showthread.php?t=238954

20
Mar
10

Unaico Sitetalk bus ads – Up and running in Hong Kong

I wonder if anyone in SiteTalk’s management has ever studied marketing. The website is not yet done (far from it!) and yet the advertising campaign has already started in Hong Kong in February.  Check out the SiteTalk ads on the Hong Kong buses!

Translation: “Europe’s hottest platform for finding friends has landed in Asia!”.

I’m guessing they’re trying to brand Sitetalk into some kind of “dating platform”.

03
Feb
10

Concerns about Unaico SiteTalk

I was recently made aware of a new online social network called SiteTalk through a friend. SiteTalk sits under the umbrella of a new startup company called Unaico Ltd (United Nordic Alliance Investment Company) which sits under a bigger umbrella called The Enigro Group.

Yesterday I attended SiteTalk’s launch event in Hong Kong, and after sitting through the 3 hour event (which included 3 presentations and a lot of razzle dazzle), I decided that I should write something about it. I am writing because I’m concerned about their business. More specifically, I’m concerned for the people who are blindly investing in a company that promises so much, yet offers very little to demonstrate how it would become a success.

I left yesterday’s event feeling troubled at heart. Couldn’t the audience see behind the rhetoric of the presenters Dan Andersson & Rune Evensen? It was clearly a money-making scam.

As you can probably tell, the overall impression I received from yesterday’s event wasn’t great. It was a bit like two white foreigners trying to impress an audience of technically illiterate Asian investors of what the Internet can do. Except the technology described has been around since 2006. Believe it or not, they were pitching to the audience Web 2.0.

In essence, SiteTalk is trying to be a Facebook… but with a lot less capital and no solid revenue model.  In fact, the website hasn’t even been finished, yet they have already “launched” it. Apparently, basic social networking features such as photo sharing and friend searching will appear in “phases”. Funny that.

One of the presenters yesterday also mentioned that a marketing campaign will commence in 2 weeks time and thus thousands of buses throughout Hong Kong will bear SiteTalk advertising. Now I’m not sure who on earth would visit a new website after seeing its web address on a bus, but for those who would, I wouldn’t be too surprised if they are greeted with a half-completed social website.

So to conclude my maiden blog post, I’d like you to warn people who have invested or are thinking of investing in SiteTalk. Reason with them… plead with them if you will, to pull out before they lose all their money.