Michael J. Wolf

Will Social Networks On the Web Ever Make Money?

Lately, people I talk to have been wondering when (and if) social networks will pull in big revenues and earn money. In just the last weeks there have been a number of new developments which bring up the question once again: Facebook’s instituting and then reversing new terms of service, Barclay’s analyst Doug Anmuth speculating that Google is considering walking away from its $900 million search-monetization deal with MySpace, and Twitter’s latest round of funding (despite little to no revenue). More on this topic in the piece I recently wrote for Forbes.