Tuesday, June 28, 2011
Winners & Losers
We are in a Social Media Bubble.
And most bubbles burst.
This one has been bursting all along, it's just that they were tiny bursts instead of a big explosion.
Social Media Channels will live as long as there is money to support them.
Facebook sells ads which generates money.
Other social media channels have financial backing and will do fine, probably.
Besides money, social media channels need another type of support.
Users.
You need both, people to use what you have created, and the money to support it.
If you have a favorite Social Media Channel, then let others know about it so they can try it out.
In other words, be social about your favorite social media channels!
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