Is Social Media the next bubble to burst ?

Just watching the CNBC Street Poll today, currently Social Media has the highest votes on the next bubble to burst

What's the next bubble to burst ? CNBC

 

We all remember the dot com frenzy before it burst. Companies with solid business plans survived and that would be the case with Social Media or Social Recruiting.

Views: 67

Comment by Max on May 10, 2011 at 4:08pm
Excellent question! Let's poll the Recruiting Blogs Community on our Facebook page and find out what the prevailing opinion is: Quick Poll: Is Social Media The Next Bubble To Burst?
Comment by Paul Alfred on May 11, 2011 at 8:07am

Perhaps a question best left for the Gurus on Quora.com - Dr. Raghavan, Social Media is not a dotcom company where folks were making deals on a Napkin on an idea that might become profitable - Social Media is intertwined in the way we do business where the new currency is "Registered Users" where you get noticed past 100million users the real currency.   SM is a new way in which companies communicate.  500 million Users and growing is not going to wake one morning and go  lets go somewhere else ...  

 

AOL did not die because the CEO of that company realized the game was in Online Properties ...

 

Microsoft is not dropping 8 billion dollars  on Skype based on a hunch 123 Million registered users is real Currency.

 

How do you pull the plug on company's that have weaved the way they communicate with Customers through Social Media.  Its not an Asset you can walk in tomorrow morning and shut down.  It's

s far to intrinsic for millions of users.

Comment by Suresh on May 11, 2011 at 2:05pm

Frankly, Social Media is just a new term for something most of us having been doing online since the early 90's. Ever since discussion board, forums, chat existed, people have communicated online. Most of these still exist.

The only additions I can think of is being able to follow 1000's of friends with facebook, linkedin and twitter and the speed in which information travels. I think the jury is still out on the use of having 1000's of friends, who one hardly knows.

At the end of the day, the market will decide and that is the best part of all this..

Comment by Max on May 12, 2011 at 11:35am

Two more comments from our SoMe Quick Poll on Facebook

 

Len:

Social media is evolving. The public face of social media is still finding a financial model that ensures significant ROI but behind the firewall solutions have already made a huge impact on how organizations internally communicate with staff and externally interact with suppliers and clients. If we are talking about the future of sites like Facebook in particular, one can only venture to speculate that it too will find an economic model that will turn it from a nice-to-have to an essential B2B, B2C and C2C tool. If for no other reason than the social interaction created by social media, it is here to stay warts and all

 

Antoine:

good questino though. I thought Skype was gonna burst. I thought Coke Zero was gonna burst. the thing is, Facebook earns money not only from advertising, but even from advertisements who use it to say "go like us on Facebook". So if fb is a bubble, it's bigger than the worlddddd

 

What do you think?

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