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First you would have to stop the users leaving. Then you'd have to get people to sign up. What made myspace and other social sites is: "hey that's cool and new
by powertower 15y ago
First you would have to stop the users leaving.
Then you'd have to get people to sign up.
What made myspace and other social sites is: "hey that's cool and new and trendy, lets join in". Once that traction is over, it's over for good as there is nothing new or trendy or cool about it anymore. It get's played out.
My personal opinion ... social sites are now worn out. Facebook will remain as-is with no new growth (after a while more), Google+/Circle will not have the effect that everyone is claiming it will, MySpace will be gutted for whatever the buyer can use (email lists, patents, talent, etc).
35 million is not a steal, it's probably the fare price at a fare valuation.