The big difference though is that companies like google have a clear easy way to make money.
People come to them to find things, and they can show advertising to them which is relevant to what they want to find.
However, with social networking sites, people don't go there to find things. They don't want to buy a TV, they want to interact with other people.
They want to find *people*. Not companies trying to sell them things.
I'm really unsure how facebook etc is going to survive. Yes it has the users, but they don't click on any adverts. As I say google had the clear way to serve up relevent adverts to the user that WOULD fulfill their aim - find what they were looking for.
You can't do that on a social networking site....
I go on, look for old friends from school, and Pepsi comes up as an answer saying "Can I be your friend? Do you want to buy some Pepsi?"
Sorry but it just doesn't work.
The one thing the social networks definately can do is generate buzz and popularity. Which can sometimes translate into sales and profits, possibly offline.... For example bands that become big from myspace then people go out and buy the CD.
Personally I think facebook are raving mad turning down all the stupidly over-hyped offers they've had. They seem to believe they're the next google......
Then again maybe I'm just jealous
