ft.com — The shortage of revenue among social networks, blogs and other ?social media? sites that put user-generated content and communications at their core has persisted despite more than four years of experimentation aimed at turning such sites into money-makers.
May 26, 2008 View in Crawl 4
Closed AccountMay 26, 2008
Could it be that this kind of abstract conning of the masses has finally sunk in? No. It is the fact that the massive effort of the collapsing economy is making web 2.0 a free system that cannot transition into profitability. One would have charge to get into a social network, which would further isolate the rich and conversely make them easy targets for premature extinction. Let's allow the rich to kill everyone.
aki009May 26, 2008
I thought there was already one bubble that showed how futile the web free-for-all is. Simply putting some lipstick on a pig won't help. To look on the bright side, this time around there's a lot less speculation and hence a smaller bubble to burst.