Re: "Web 2.0 is Fucked"
It's a good read, and they're pretty much spot on.
Much the same way as MP3.com failed back in the late 90's, YouTube, Myspace, and Twitter are all doomed to fail once the advertisers realize they're not getting anything out of all those impressions they're paying for. When you create a platform that nothing more than a great big narcissistic orgy, no one is looking at anything but the content they created and trying to get other people to come look at it too. It's all about "me" - the users barely give a shit about other peoples' pages, never mind the advertising.
If you don't have a physical product for sale, and you're not selling porn, you've got to really get out of the box to make any money on Web 2.0...
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