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Social networking not working??

Discussion in 'Social Media' started by fitnfree, Jul 10, 2007.

  1. fitnfree

    fitnfree Affiliate affiliate

    Okay, I've just barely gotten my feet wet in some serious social networking attempts and I stumble onto the following article:

    Five reasons social networking doesn't work

    By Molly Wood, section editor, CNET.com
    Thursday, June 2, 2005

    The word on the street lately is that social networking is in trouble. Friendster's CEO, Scott Sassa (most famous for firing a blogger who wrote about the company) recently departed in the face of a rapidly dwindling user base. Friendster has also introduced its own for-pay blogging tool as an all-too-ironic money-making scheme. Business networking site LinkedIn started charging for its job listings. Meanwhile, the recent launch of the Yahoo 360 beta has the blogosphere speculating that Friendster, the pioneer, is already on its deathbed.

    Read in its entirety: The Buzz Report: Five reasons social networking doesn't work - CNET.com

    What do those of you who are well-versed in social networking make of this? Is it failing?? Thanks!
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