Mar 24 2008
Whither Social Networking as a business model…
via the Economist - an objective summary of Social Networking and its business potential circa 2008. Their verdict? Social Networking is a great Internet success story with clear utility but may or may not be a sustainable business model. The article also notes ..”Historically, online media tend to start this way. The early services, such as CompuServe, Prodigy or AOL, began as “walled gardens” before they opened up to become websites. The early e-mail services could send messages only within their own walls (rather as Facebook’s messaging does today). Instant-messaging, too, started closed, but is gradually opening up. In social networking, this evolution is just beginning…”
I am curious about MingleBox and TechTribe and other high profile Indian social networking startups - how much will they scale by 2010? They seem to have a sound business model and a reasonably better and consistent user experience as compared to the run of the mill Indian social networking sites…
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thank you.:)