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This is silly. Social networking requires critical mass, else it's useless. Something like 2% - 5% of users pay for freemium services. So imagine if you had on
by pclark 16y ago
This is silly. Social networking requires critical mass, else it's useless. Something like 2% - 5% of users pay for freemium services.
So imagine if you had only 2% of your friends on FourSquare, or Facebook, or Twitter. Much less valuable, no?
Also, These companies can make far more money via other business models.
Users > Revenues for some consumer startups. Grow now, monetize later.