What are your links worth to Pinterest? $11 BEEELLION! Social link-sharing site Pinterest has taken in a new round of funding that gives the firm at a hefty US$11bn valuation. The company said in an SEC filing that it had already agreed to sell off $367,099,927 in equity and hopes to move another $210,816,979 (for a total of around $577.9m) in venture capitol investments. That …
I think they have a way to go yet, but the bust is inevitable. The NSA (and friends) scandal is not sinking in yet and we're seeing what some are calling privacy nihilism. However, I think people are getting sensitized to the problem and at some point the current mega social networks, hitting closer to home, will start to rub people enough that something will happen.
Business cycles happen. Look at oil down from heavenly highs jus a year ago. Social networks con only make Big Bucks for clicks or in your face adv.
When users feeler used they just go away. Remember when a cell phone was for real talking person to, erson? "Just text me" is its use now. We will never know when the tipping point comes. (Much like Mother Earth overheating due to our arrogance, burning, hidden for millions of years little fuel bugs and rocks.)
Hail to the bubble!
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
