Wednesday, September 16, 2009

Facebook is.... profitable??!

This is actually kinda big news. It's been the very (very) rare online social networking site that has actually made money from it's core business (as opposed to getting bought out by a larger firm). Maybe YouTube won't be far behind? I wouldn't hold my breath- the capital infrastructure costs for serving up all that video is orders of magnitude larger than FB's bandwidth needs. Still, if the independent content creator is to have any shot at making a serious go of it they'll need these online communities to actually make money-- for themselves first, then share the love with the content creators.
Baby steps.


MikeBelanger said...

I wonder how sustainable most social media firms are. Its almost like they have their own 'bubble' that will eventually burst.

Anonymous said...

FYI Google bought YouTube back in November 2006.