5 ms·
Agree on most of the points, will add a few more: 1. There seems to be a lot of confusion between the platform generating revenue (FB Credits) and revenue gene
by codelust 16y ago
Agree on most of the points, will add a few more:
1. There seems to be a lot of confusion between the platform generating revenue (FB Credits) and revenue generated from being on the largest platform (using your Twitter/FB account to generate leads). The latter will massively overshadow the former and yet the latter will have a greater impact in the enforcing the hype/bubble that is connected to social.
2. If you look at the Top 50 for Comscore October, 2010 for US, you can count about 5 companies that belongs to the 'social' genre. Assume that each of them are doing a billion in revenue a month. That is still an $60 billion a year annually for a domain in which a single company is valued at well over $40 billion. A bubble? Certainly. Is it a bad thing? No; as long as you don't wind up being the sucker at the end of the line, which none of the current investors are going to be.