Skeptics Among Us?

We gave a speech on social networking yesterday, and there was a skeptic in the audience. First, he questioned how anyone could make money on facebook. Ah, we had him there. Check out our first article. Then, he wondered who was paying for all of this wonderful stuff. Well, as consumers, we actually are, through the goods and services we buy. You see, there is a lot of paid social network advertising. Last year, MySpace took in $1 billion, and facebook $300 million. Flash in the pan? We think not. Morphing into something else? Absolutely.