I guess the internet, when it comes to social networks, is pretty much like buying stock: buy when it's low and sell when it's high. Under the topic "Major Players Jump on the Bandwagon, I see some heavy hitters are "cashing in" on the trend. Who knows where these networks are headed, but just the same they're being swiped up anyway.
The thing is, everybody's still trying to figure out the financial profitability of social networks. But despite that, Rupert Murdoch has purchased the owner of MySpace; Yahoo recently bought Flickr; Amazon has invested in 43 Things, a network approach to marketing; and Monster Worldwide has purchased Tickle, a testing and matchmaking site. But whether these sites are making money now or not, the evolution of the internet is well worth investing in its future.
Thursday, October 2, 2008
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