subject: Social Networking the Next Bubble [print this page] You would have to live on Mars to not see the big push toward social media websites over the past few years. MySpace and Facebook are leading the way for an incredible delivery platform that advertisers, musicians, writers and businesses have only begun to scratch the surface of realizing its true potential. As you can see from the image, so many more sites are gaining market share in this niche' space and have started to reap the benefits of this advertising model.
Twitter, LinkedIn, Digg, YouTube and Flickr just to name a few are now household names that anyone with a smartphone can access from the go. Some say too much of this social networking cuts into productivity significantly, which may be the case, but this is the bed we have made with such a push towards mobilization of technology and communication.
I think it's ironic because the more social networking we're doing and supposedly the more we're getting done on the go with our smartphones, the worse off our economy is getting??? Just a thought, but the real question is how do we get in on the Facebook secret of revenue generation? That is an easy answer but difficult task because it relies solely on membership. Having a great idea about collecting everyone with similar interests to relay a message they all want to hear is commonplace today, but implementation of this is very expensive and time consuming.
There are quite a few success stories out there, i.e. Facebook, Twitter, MySpace, YouTube, and a few more struggling in the SmallCap arena to get those much needed membership numbers up that are having nominal success. One such company I found intriguing was the Latino Facebook Quepasa Corporation (OTC:QPSA) who recently announced that its membership numbers had hit 19 million.
Another that I ran across today was Destiny Media Technologies (OTC:DSNY) who was recently named one of the top 100 fastest growing companies in British Colombia... During the period, revenue increased 319% from $697,550 to $2,923,954 (Canadian).
How long will this bubble last or is it just the beginning of a movement away from the traditional office job? I believe the office is on it's way out as companies look to trim their bottom line and cut out so much unnecessary overhead in order to maximize profits and turn things around in this sluggish economy. Working from home and the neighborhood Starbucks are becoming more commonplace all over the world and according to several different studies, people are much more productive at a fraction of the costs.
