What is the future of social networks? A friend of mine said to me a couple days ago, “no one likes facebook.” However, new facebook users increase daily. There was an article in Fortune Magazine earlier this year asking about the same question. Though the service is free, one can imagine that maintenance of the site is tremendously costly, and the most feasible method of money-making without being overly exploitative is advertising (and definitely not prominent on the site). Twitter was struggling for awhile because of constant problems with their servers, but is doing okay mostly due to their loyal home-base. 12seconds is also becoming increasingly popular, as they allow you to upload any sort of document, including media. Huge twitter celebrity Shaquille O’Neal had even begun to use 12seconds solely because of the media feature to become even closer, and more beloved, by the people. His popularity seemed to have got him that show where it’s (name athlete) versus Shaq (I still think he chickened out on pink speedo by the way; those are booty shorts at best). There is no doubt in the ever-growing popularity of social networks and it’s great potential. It gave Shaq cool again; it made Miley Cyrus really annoying (maybe so much so that — I like to think she annoyed herself and as a result — she removed herself) and thank god she is no longer on twitter. But, what about the increasing costs? How can these sites make money? Will people like it less when it comes time to begin making money?
Social Network: Where are they going?
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