I don't get the point, sweetie, there's a growing perception that social networks are inauthentic since it's possible to be part of a network and "not really know anyone." I think real world connections will lead to real world events and real world sales. The internet is still this gray area where you're not sure who you're talking to half of the time.
Myspace; 2.17milion dollars in revenue means a lot when everyone knows Myspace has virtually no advertising and a small work force. Given how decentralized internet companies are these days, their costs are low compared to traditional businesses. There are "official" employees and a number of unoffical employees who develop web apps for free.
I think you missed the point - this is not about ads, but about running real world events for social networks. Ads pay the least revenue of all the revenue streams. For example, MySpace only make $2.17 per year per member from advertising - hardly anything to write home about, even with 100m members.
You don't have to be Friendster or MySpace, you can put an event together if you have enough readers of your blog, for example, using Eventful or Meetup or something.
It's already big business, the mose sucessful social networking sites are courted by coporations for adspace.
I don't see the market rapidly expanding, at least in America, so your claims about an "experiental economy" is bs because social media cannot provide a living for tens of millions of people. Especially, when business models are weak.
You must have stock in these companies or something...trying to get those prices up so you can sell,eh?
I don't get the point, sweetie, there's a growing perception that social networks are inauthentic since it's possible to be part of a network and "not really know anyone." I think real world connections will lead to real world events and real world sales. The internet is still this gray area where you're not sure who you're talking to half of the time.
DaFuckyouat 2 years ago
Myspace; 2.17milion dollars in revenue means a lot when everyone knows Myspace has virtually no advertising and a small work force. Given how decentralized internet companies are these days, their costs are low compared to traditional businesses. There are "official" employees and a number of unoffical employees who develop web apps for free.
DaFuckyouat 2 years ago
I think you missed the point - this is not about ads, but about running real world events for social networks. Ads pay the least revenue of all the revenue streams. For example, MySpace only make $2.17 per year per member from advertising - hardly anything to write home about, even with 100m members.
You don't have to be Friendster or MySpace, you can put an event together if you have enough readers of your blog, for example, using Eventful or Meetup or something.
Nah I don't own shares...
lpapworth 2 years ago
It's already big business, the mose sucessful social networking sites are courted by coporations for adspace.
I don't see the market rapidly expanding, at least in America, so your claims about an "experiental economy" is bs because social media cannot provide a living for tens of millions of people. Especially, when business models are weak.
You must have stock in these companies or something...trying to get those prices up so you can sell,eh?
I got you.
DaFuckyouat 2 years ago