Facebook Takes a Dive: Why Social Networks Are Bad Businesses - TIME
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While I’m not sure social networks will ever make money being ad-based, I think this guy is a bit off. He says “for a company trying to sell products or services, Facebook is mayhem in a PC.” Really? Mayhem? If I was trying to target very specific people, it seems like Facebook would be the most well-organized place to find them.
I think 2010 should be Facebook’s “Fuck You, Pay Me” year. Charge $2/month and their problems are solved. Would you pay it? Probably.
