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Posts Tagged ‘business model’

End of Social Networks…

Posted by vishalsinghal on October 12, 2008

Social networks! Big one may survive but small ones will sooner or later, either close down or will get acquired in cheap by bigger ones. This will be a shock to many who were seeing Facebook as their role model for long now as this week only, Facebook CEO Mark Zuckerberg told a German paper last week that the site won’t have a business model for three years. According to him “Growth is primary and revenue is secondary.”  Primafacie, it looks correct too as many people both bloggers and otherwise have been saying for sometime now that starting social networks now or in future will not be a right decision for any new company as this is the game being played by cash rich companies only.

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