Brief History of Online Feedback / Rating... Some Thoughts

Stage 1. Men were created with the ability to have opinions of their own.  Opinions can be complex, simple, logical, contradictory, expressed verbally, non-verbally, etc.

Stage 2. Then men became Internet users and were allowed to give feedback on a 5-star basis.  Internet users still have opinions and share them in form of "Comments".

Stage 3. Following, users had the possibility to give a thumb up OR a thumb down.  Users can reply to comments or even re-post them in their own opinion-stream.

Stage 4. More recently, users can "Like" stuff.  No complexity whatsoever is necessary nor allowed.  Similarly, any negative feedback is unpractical (or curtailed) since it would be bad form with respect to "business partners" of the site in use.   Yes, it is possible to write something if you really, really care (which happens when you are upset about a service you paid for). However, other than in such case, who bothers about typing if they can just click.

But wait, there is more.  The evolution of feedback and rating systems is not limited to the progressive simplification of the tools and the user interface.  It rather (and more importantly) concerns what data are collected and associated with the users' ratings.

The person who is rating content or items (the "rater") has become the center of the action.  This is somehow counterintuitive, yet the most valuable information for the website has nothing to do with the items rated thereby.  In fact, the most valuable information is that one concerning the "rater":  its tastes, preferences, behavior, etc.

Therefore, it is key that such information is made as standard and accessible as possible.  For this reason rating on one dimension ("Like" button) may work better and eliminates certain "noise" in users' behavior analysis.  Hence, simplification is functional to enhance user-profiling and, eventually,  to better target those users with relevant ads.

On the other hand, all kinds of feedback regarding content/items have become a very effective "bait" to incentivize interaction and attract traffic. This happens despite being common knowledge that on-line feedback and ratings are easily manipulated and often unreliable.

I believe we can start looking at feedback and ratings from a different perspective.  In fact, I have the impression that their social significance has changed as they do not represent anymore a vehicle to convey opinions but rather a form of basic interaction to show an acknowledgment that something does exist.  To the contrary, if there is no "Like" button underneath it, such thing cannot be part of the user's profile for advertising purposes.  And, that somehow makes that piece of content invisible on the Internet.

The Strange Case of Dr. User and Mr. Ads

MySpace just came up with a brilliant idea (IMHO):  a new advertising platform to "Promote You". Check it here.
Given the quasi-monopolistic situation of the web-advertisement market, it was key to establish direct relationships with advertisers, to get better returns for the huge inventory held with MySpace.
In fact, this is quite common for most of the big Internet services, which have an in-house department of ads sales, in order to fight Google position as main ads broker.
The original strategy undertaken by MySpace is to sign-up its own users as advertisers.  In this way, MySpace is creating new ads demand, while granting very targeted service to its users/advertisers.
Although in theory everybody, including businesses, could place his ads on MySpace, because of the demographic of MySpace's users, it is more likely that the most active advertisers will be just the most engaged users.  After all, we know that these users are artists, musicians who are already promoting themselves on MySpace.  Now they might enjoy a more powerful tool to do so, and guess what, they will be paying for that.
I think this strategy may represent a partial solution to the shrinking of ads revenue coming from traditional advertisers, namely off-line business.  Not to mention that having a relevant presence in the ads brokering market can surely be beneficial for such a concentrated market.