Its a pity that Facebook has fallen foul of so many crappy applications.

It seems to be moving from being a place where you could gather and communicate with people, to an only slightly upmarket version of MySpace….

I met with the Chairman of an ad agency a couple of weeks ago who told me that he thought that social networking sites like Facebook needed to go through the cycle of bust as they couldn't by their very nature sustain commercial endeavor. After a bust a new kind of social network would rise from the ashes that would become a stable place established as a commercial marketplace. I am starting to think that he was absolutely right.

And when you look for instance at recruitment online as one niche market, how much real change has there been in the last ten years? Essentially recruitment sites are classified lists with a bit of nice graphics to pretty them up – nothing inherently new, and nothing that resembles a visionary marketplace for the future.

Time for social networking and niche online markets to merge. May the disruption begin!

This entry was posted on October 15, 2007 at 9:19 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Posted in Main Page by Chris Gilbey No Comments Yet