And thats why we see a lot fewer new social networks starting out today. in the late aughts, everyone and their grandma was starting a social network, google st

And thats why we see a lot fewer new social networks starting out today. in the late aughts, everyone and their grandma was starting a social network, google started 3, heck even apple started one, everyone was trying to replicate the perceived success of facebook, when even that wasn't yet clear as a viable business. Now that most people know just getting lots of eyeballs doesn't translate to cash in the bank people have cooled off. youtube is an even bigger issue because video is so expensive to support, so on top of the possibility of not making any money, you also need to front huge costs in infrastructure.