Blog Post 7

My favorite module of the semester would have to be Module 4, regarding the dot com bubble and whether or not we are headed for another one. The reason I would say this is my favorite one is because it made me look at social networking in a totally different way. I always assumed that if a site had a lot of hits, then it must be viable as a money making business or entity. I, like everyone else who partook in the first dot com bubble was suckered by this thought. As it turns out, this thinking goes against traditional business model aspects that can determine whether or not an idea is profitable. I also found it very interesting to analyze recent social networking sites, such as twitter, and note how they are still continuing to make the mistakes that past websites had made and assume that site traffic correlates directly to profits, which is simply not true.