Will The Economy Effect Social Networking
By: John Vinson
Twitter, MySpace, YouTube..these are all places people love to go and check out what other people are getting into, and what they’re saying. Could these places be hit hard from the current economic crisis that’s effecting the nation?
I think the common sense approach is that, ‘of course it will affect them’. Really looking at the broad scope of things, I think everyone is in potential trouble of the failing economy. But how does some of the immensely popular Web 2.0 sites stack up in terms of survivability?
MySpace - This is one site that most people would be scratching their head at. How could one of the biggest social networking sites fall off?
One word, momentum. MySpace is losing tremendous speed at the moment. With all the problems with bots, and other things plaguing that site I can see why. If something drastic isn’t done at MySpace, I foresee a troublesome future ahead.
Twitter - Twitter’s problems stem from some of what is causing MySpace problems. It’s getting to big that it’s becoming hard to sustain. It doesn’t quite have the bot problem, or problems of the sort. It’s problem comes from too many people, not enough server space.
Also, there have been the numerous reports of Twitter having touble monetizing their efforts. It will take some creative thinking to bring in the money from the millions who do use it.
