Interesting recent article in BusinessWeek on how users are spending less time on social networks (despite a still strong 11.5% growth rate) and are getting frustrated with advertising.  All of this while more and more companies are spending more and more money on ads. It will be interesting to watch the next breed of social networking websites that aren’t over-funded and over-valued do a better job at monetization then their gargantuan brothers in Palo Alto.  IMO, the recipe for monetizing a social networking website can’t simply be ads or another …
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