Social Networking Problems - or is it?
Some comments on the viability of Social Networking. My view is it is too early to tell. Let the industry develop and then see what shakes out. Shortly after Henry Ford started making autos there was over 20 different manufactures, and them may have said the same of that industry too.
The word on the street lately is that social networking is in trouble. Friendster's CEO, Scott Sassa (most famous for firing a blogger who wrote about the company) recently departed in the face of a rapidly dwindling user base. Friendster has also introduced its own for-pay blogging tool as an all-too-ironic money-making scheme. Business networking site LinkedIn started charging for its job listings. Meanwhile, the recent launch of the Yahoo 360 beta has the blogosphere speculating that Friendster, the pioneer, is already on its deathbed. And Business 2.0 has a good article in this month's issue (subscription required) about how the indie music networking site MySpace is, for all intents and purposes, the only successful site . more . . .
Thanks to Molly Wood for her excellent article.
Til next time,
Jack
technorati tags:social, networking, myspace, friendster, monopoly, problems


