Social Networks: More Irrational Exuberance

Once again there is a lot of hype and a lot of buzz on the Internet. I found two reliable reports that point out that, like the first Internet boom, these new social networking sites that are generating all of the buzz do not have a solid business model. If you want to have a future you simply cannot ignore business fundamentals. Check out these stories:

MySpace, Facebook and Other Social Networking Sites: Hot Today, Gone Tomorrow?

Social Networks: More Bubble Than Profit?