General George Pickett and Mark Zuckenberg have much in common. Pickett’s charge market the high point of the Confederacy. Afterwards it was all decline. Similarily Zuckenberg’s IPO marked the high point of social medias economic potential. Face it. There is simply a limit to the effective marketing that can be done on these social media sites.Yet with 30 to 40 young people visiting these sites regularly, clever people should be able to make an economic success of Face Book at some level. However those who bought at the opening have clearly lost.
Similarily Zuckenberg’s IPO marked the high point of social medias economic potential
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I try not to confuse the concept of social media with the products it has spawned, myspace and facebook two of the most notable products social media has spawned.
I don’t think social media will ever go away. I have no idea what it will look like next year or in the next decade, but I do believe it is a genie that cannot go back in the bottle.
JMO.