Nice little piece in the Economist on the utility of Social Networks and their futility as revenue generators ...aparently, not even Google can monetize the trackless wastes of MySpace :-) In a nutshell, the things social networks need to do to monetize their user bases (and justify their valuations) risk driving away their user bases. Facebook shined a Beacon on this (sorry, couldn't resist).
And if they piss off their users, these networks are sitting ducks to be supplanted by something else not driven to make ends meet with advertising...Thunderbird, anyone?
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