Tuesday, May 23, 2006
Social Networking's Gold Rush:
"The movement continues to defy doubters and draw big investments. The latest includes $25 million for a piece of Facebook
Just a few months ago, many experts and investors were inclined to dismiss social networking sites as a mere fad. Regardless of how many members sites such as MySpace (NWS) and Facebook racked up, critics warned that supposedly fickle young Internet users were likely to rush away as soon as the next hot startup came along. And some advertisers were skeptical about the effectiveness of the medium, which features user-created content of a sometimes questionable nature..."
"The movement continues to defy doubters and draw big investments. The latest includes $25 million for a piece of Facebook
Just a few months ago, many experts and investors were inclined to dismiss social networking sites as a mere fad. Regardless of how many members sites such as MySpace (NWS) and Facebook racked up, critics warned that supposedly fickle young Internet users were likely to rush away as soon as the next hot startup came along. And some advertisers were skeptical about the effectiveness of the medium, which features user-created content of a sometimes questionable nature..."
Comments:
Post a Comment
