Is it time yet to repost this classic article? "Will MySpace ever lose its monopoly?" http://www.theguardian.com/technology/2007/feb/08/business.c... Key quote: MySpace is well on the way to becoming what economists call a "natural monopoly". Users have invested so much social capital in putting up data about themselves it is not worth their changing sites, especially since every new user that MySpace attracts adds t…
If I'm not mistaken, this is the first time in history that anyone in the tech industry captured this crowd in a major way. Those in my family over 70, on both sides, can barely make a phone call on a cell phone and don't even really know what texting is... but they sure know how to use Facebook. That's how they see their grandbabbies, of course they know how.