Ning is exiting the free social networking biz due to poor profitability. Seems once you get your first $120 million in investments you pretty much want some more. I guess you don't become a dot com bazillionaire by clinging to a losing prospect. The list of charges for things you don't want in your site looks pretty lucrative and innovative so it appears the turn around is already starting.
Saturday, April 17, 2010
Ning is exiting the free social networking biz due to poor profitability. Seems once you get your first $120 million in investments you pretty much want some more. I guess you don't become a dot com bazillionaire by clinging to a losing prospect. The list of charges for things you don't want in your site looks pretty lucrative and innovative so it appears the turn around is already starting.
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Sumner,
ReplyDeleteAny suggestions on the wiki site we could use for our group project? I have 3 students so far that have looked at wikispaces. Can you take a look at it to see if it will work for this assignment? Thanks and if you have one that is just as compatible just post.