Is there anything more pathetic than "social media?"
Way back in the old days, there were chat rooms. You went on line and talked with people you didn't know. It was like dialing random phone numbers and chatting with strangers.
Now that people are bored with Facebook and MySpace, Twitter is all the rage. Following the pathetic lives of dorks, 140 characters at a time.
TAC predicts that social media will continue to be ridiculous and unstable. It's going to be very tough for anyone to figure out how to make any money with them. They'll arrive with a bang and, like chat rooms, they'll just evaporate.
Sell 'em short.