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Originally Posted by FlyingIguana
there's bad and then there's just downright idiotic. they're gonna have to transform the site somehow to maximize value. weird the VC firm didn't assist them in a transition to at least get some chance of a return.
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there's a major shift going on in the whole 'social networking' thing from relationship-networking to 'shared interest' networking. you can see that with Yahoo's recent buys.
http://del.icio.us/ and
http://webjay.org/. To me, it makes more sense to network people via shared interest rather than relationships. or even better, a combination of the two. myspace is doing a pretty good job of leveraging its membership base, even though most of the sites on myspace look worse than Geocities circa 1996.