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Bubble, or just the beginning of social networking?

Started by Duncan Riley · 11 months ago

Talk of there being a bubble in Web 2.0 is fairly widespread now. Years of growth, both in startups and investment have fulled the sector to some levels reminiscent of the first web boom. Arguably far too many companies are chasing the same market, and inevitably many will fail. And yet are we r ... Continue reading »

2 comments

  • ConEm

    11 months ago

    During Mark Zuckerberg's F8 keynote he said that Canada had the highest Facebook penetration: 40%. There's another 4 million Canadion members of MySpace. Allowing for double counting, you have got to say that social networking is seriously mainstream in Canada. It suggests to me a relatively high level of social capital.

    I'm relatively new to social media research, but intuitively I feel that long-standing cultural and social behaviour an important area of focus in comparing stats.

    Australian figures indicate a similar level of penetration as in the USA (around 1/3). Growing fast too. Beyond that, I feel that more Australians are connecting with others though increased blog activity too. And then there is the potential in institutional mind-sets. No. 10 Dowling St is on Twitter.
    reply
  • gregorylent

    11 months ago

    many different kinds of minds ..

    a case could be made that one type is attracted to friendfeed, another to facebook, etc., another type is just learning about them.... bubbles are all around all the time in different niches ...

    there is no one big bubble that arrives and bursts anymore, the market is very diverse now. and this is only beginning, looking at other countries, russia, china, what is bubbling there..
    reply

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