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65 Comments
- badqat, on 12/11/2008, -0/+33I'm guessing the more folks that are unemployed, the more folks we'll see on places like digg, etc.
- inactive, on 12/12/2008, -1/+26That gravestone might be one of the worst shops I've ever seen.
- Duncster, on 12/12/2008, -10/+34***** MYSPACE AND FACEBOOK
- scarz99, on 12/12/2008, -0/+16Yeah the activity on them has dropped but that's expected. Pownce only went under because no one was really using it in the first place.
- gbarberi, on 12/12/2008, -0/+14Pownce isn't a victim of an economic downturn; it's a victim of a lack of innovation. It had very few users and "done to the death" features.
- SteelChicken, on 12/11/2008, -0/+14and the less companies will be willing to pay for ads?
more bandwidth bills, less revenue, a winning combination. - Haoie, on 12/11/2008, -1/+14Nothing can keep going up and up forever. People should've learnt from the 2000 bubble.
- L0NER, on 12/12/2008, -0/+12ideas are the only thing that power our economy. hope they get better.
- leapingstan, on 12/12/2008, -4/+14Lets face it. Social networks are waste of time. Once the novelty is gone, that's it, their days are counted.
- smmakira, on 12/12/2008, -0/+8Pownce was kind of useless... I wanted to use it. I just couldn't find a solid use for it.
- jacekpoplawski, on 12/12/2008, -0/+7The 2000 bubble was different, that time 95% of websites were *****, now most of websites are good, just maybe not profitable.
I think that linkedIn, flickr, youtube and digg will survive.
Linkedin increased it's revenue thanks for recession, more people are looking for jobs.
Flickr is example of good business model, I paid them for hosting my photos, it's quite fair.
Digg can't die, because it can be replaced by anything else, there is huge market for it.
Youtube is very popular and Google pays for it. - luseton, on 12/12/2008, -0/+7The more people get laid off, the more others with jobs will spend less time on unproductive Web 2.0 sites like digg, twitter, facebook and etc, to avoid getting the boot.
- MScrip, on 12/12/2008, -1/+7Then what? We go back to writing plain e-mails to ask a friend what's new?
I get a few lines of info from friends in my news feed. I actually hear more from friends on Facebook. And their new photos show up there too. They post something once, and everyone sees it. They don't have to write a letter to each person.
One of my old college buddies just directed a TV commercial in Atlanta. I saw the pictures from the shoot on Facebook. Unless he had specifically sent out an email with the 4 photos attached to all his friends... I would never had known. However, he posted the pics on Facebook and I saw them.
Why is that bad? - AirRaven, on 12/12/2008, -0/+6The novelty wore off a long time ago for most of my social group.
...We're still using it.
It's a fantastic way to keep up with what's going on in eachother's lives when we're scattered across the country at University.
There's more to them than just novelty value. They really do have a genuine use. - inactive, on 12/12/2008, -1/+6The fact that Myspace is owned by Rupert Murdoch only increases my rage.
- toxicpiano, on 12/12/2008, -0/+5Not profitable is still not profitable.
- ChrisLondon, on 12/12/2008, -0/+4I agree with SteelChicken. If there is less expendable income moving around, the advertisers clicks will not be as profitable. They will want to pay less for the ads, in turn effecting the quality of the social networking website.
- inactive, on 12/12/2008, -0/+4i don't know, the shadows look pretty good to me
- alanocu, on 12/12/2008, -0/+4The unemployed aren't so much worried about showing up on social networks as much as paying their electric bill in order to turn the computer on to get to them.
- inactive, on 12/12/2008, -0/+4So less companies are throwing money at social networking sites for advertisment.. they have to tighten up the budget in many cases.
I think the social sites will still do alright, more people will probably be on there talking with friends about job opps. I've seen a couple of people suddenly on the site more asking about job opps. - PB3K, on 12/13/2008, -0/+4More like "Economy exposes websites that are overhyped and don't turn a profit". I thought everyone figured this out in 2001, guess not.
- JesusHimself, on 12/12/2008, -1/+5Eh, im sure the internets will get a bailout like everything else out there
- inactive, on 12/12/2008, -1/+5lol, pownce sucked ass
- benologist, on 12/12/2008, -0/+4Bandwidth bills are the least of problems. Every single salary is the equivelent of a dozen or two servers and terrabytes of bandwidth, and some of these sites have a lot of salaries - Facebook has 700+, Digg has 70+ etc, that's serious overhead.
- jer2eydevil88, on 12/12/2008, -1/+4***** the poor economy! Yes, you need a real business plan, Yes, you need a short term way to generate revenue, but now is the time to make an investment in a website. There is not a lot of credit so there isn't going to be much competition which allows you to build a unique brand at a fraction of the cost.
- pitdog, on 12/12/2008, -2/+5Social networks are pretty much pointless.
- inactive, on 12/12/2008, -2/+5You don't need a solid business plan, all you need is enough money and lobbyists to get a bailout and you will be a Billionaire. Just look at the U.S. auto industry.
- gumby05, on 12/12/2008, -2/+5Then you ain't seen nothin!
http://farm1.static.flickr.com/51/138833076_b85281 ... - BESTenemy, on 12/12/2008, -0/+3Bubble 2.0 video obligatory:
http://www.youtube.com/watch?v=dr3qPRAAnOg - inactive, on 12/13/2008, -0/+3Diggers have no friends
That, or they all communicate via World of Warcraft anyway. - zippy757, on 12/12/2008, -0/+3What is DIGG's financial position....anyone know ?
- viper001, on 12/13/2008, -0/+3I logged in just to digg you up, good sir.
- bbliss17, on 12/13/2008, -0/+3Wrong!! They will be around for a long time.
- Daniel591992, on 12/13/2008, -0/+3Exactly. It can be incredibly convenient if you're a study.
- inactive, on 12/12/2008, -0/+2This is only a sign of the arrival of the next bigger bubble. Maybe 2010? I think the prpgress in IT is something like three steps forward, one step back.
- Jlaugh, on 12/13/2008, -0/+2@remccain
That's an asinine self-centered comment. All sorts of people are getting laid off. - BESTenemy, on 12/12/2008, -0/+2 Economists and politicians are desperately trying to inflate the green bubble, but it's not taking off. The green economy is already full of hot air and currently offers little or no cost benefit, especially when oil is getting cheaper.
Deflation wipes out speculators and along with them much of the imaginary capital that's been jumping from bubble to bubble throughout the decades.
Milton Freidman, whose economic ideology got us into the mess, through that even if one or few economies failed, there would always be a capital safe haven somewhere on the planet, in a country that did business differently. Well... now everyone's practicing Keynesian economics. When one deflates, everyone deflates. There's nowhere for the capital to go, so it must vanish... but only because it shouldn't have been there in first place. - SethEllis, on 12/13/2008, -1/+3I don't think you really see the larger picture when you talk about Pownce "failing". It's not like Pownce was some huge corporation or something. It was at most half a dozen people. For all we know the only reason it "failed" was simply because the authors got bored with it, and got offered a better job. We really have no idea how much money was gained or lost in the deal.
We are starting to see story after story about social networking sinking. However, I think that all of these stories overestimate what social networking companies were to begin with. I could get together with a few friends, spend a month programming, and start a new service. My only startup cost would be a few hundred a month for the hosting, and my own personal time. The vast majority of these sites are simply a bunch of punk college kids making cool websites.
So yeah a lot of social networks have failed, but in the end it really isn't all that important. There's still nothing stopping you from coming up with a great idea and making it happen. The idea that some bubble is going to pop, and the opportunity will be lost, or that we simply won't be able to have services like this anymore, has no basis in reality. It just makes a good news headline. - wilhoitm, on 12/13/2008, -0/+2This is because people's Internet access is being shut off because they can't afford to pay their bill. What good is Internet access without a house?
- Jlaugh, on 12/13/2008, -0/+1Oh I know they monitor internet usage, but as one of the productive ones I still got laid off more than once in the last decade. Our system is fundamentally broken. Society cannot indefinitely function with a fear based model, we will end up with a revolt on our hands. Which I for one do not want to go through, we are headed toward a french style revolution the way we are going. Our business leaders are playing with fire. Workers far outnumber leaders.
- alokrsx, on 12/12/2008, -2/+3+1
I hate them both! They ***** waste my time like *****.. - cubicledrone, on 12/12/2008, -0/+1If you're looking for the *****, "short-term business plan" is probably a good place to start.
- Frnnkdlxx, on 12/12/2008, -0/+1lol. nice image. But seriously, there goes the yuppies, many of whom invested copious amounts of the last of their funds into these venues. Can't wait to see a friggin yuppie bumming it out at venice, sleeping in their volvo, or begging me for quarters in front of the train station.
lol. - remccain, on 12/13/2008, -0/+1Well, Duh! However, the productive ones are laid off last. You think employers don't notice who spends all day on facebook?
- kushin, on 12/13/2008, -0/+1but... but.. leah is hot
- zeebo, on 12/13/2008, -0/+1What we're going to see happen is a return of subscription based premium services. Netflix and similar companies have proven that such a business model is still viable. I think that's where the newspapers are failing online right now, they're trying too hard to be web2.0ish and are totally dependent upon advertising. As the print edition becomes less and less important they lose revenue that pays for important things like reporters.
- peestandingup, on 12/13/2008, -0/+1Social networking sites that must end, serve no purpose & lack any kind of development/innovation or road map:
Tribe.net, Google's Orkut & Gaia (formally Zaadz). - known, on 12/13/2008, -0/+1You must be opportunistic (and not ambitious) on Internet if your business needs success.
- phrees, on 12/13/2008, -0/+1I think generic social networks will take a short term hit, but there are some around that are extremely focused. Ravelry.com is a good example. It's a network of knitters, and one thing I do know is that knitters will keep knitting, keep buying wool and keep talking about knitting. (Yes I am married to one.) Their dedication is in their language - e.g. Yarn Porn (photos of knitwear, wool etc.) and SABLE (Stash Acquisition Beyond Life Expectancy). Education/mentoring/volunteering networks are also in a better position - sharpening skills is good for survival now, and for taking full advantage of the next upturn.
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