“A writer’s notebook is not a diary. Writers react. Writers need a place to record these reactions. That’s what a writer’s notebook is for. It gives you a place to write down what makes you angry or sad or amazed, to write down what you noticed and don’t want to forget. A writer’s notebook gives you a place to live like a writer.” - Ralph Fletcher
Amid the fallout from Facebook’s IPO is renewed skepticism about its business model. What looked like a juggernaut when it first filed to go public is now besieged with questions about the effectiveness of its advertising and the impact of mobile computing.
Many of those same doubts apply to the cluster of social media and networking companies that went public over the past year. as well as the host of still private, second-tier social companies that are growing fast but generating little or no revenue.
That’s stunning, really, because a year ago it seemed like the pending run of IPOs by social media and networking companies was poised to put to rest all those doubts about this sector’s sustainability. Instead, they still face a fairly fundamental question: Can successful social media companies also be successful businesses?