The Economist on Social Networks September 23, 2006
Posted by fukumimi in Uncategorized.trackback
The Economist had an article in the Sept 14th Edition regarding Social Networking.
It makes a passing mention of Mixi’s IPO. In comparison with Mixi, I feel that the rumoured valuations in the billon dollar range for Facebook seem to be about right, especially as the network structure based on academic institutions makes profiling and targetting high value user groups easier and more accessible for monetization.
Social networking | Hanging with the in-crowd | Economist.com
[...] I’m finding it remarkable that almost nobody in Silicon Valley followed the Mixi IPO, let alone knew who or what Mixi is. Here’s an SNS at $2B that makes MySpace look like it sold too early and Facebook actually seem reasonable. Okay, so Japan may be in its own little internet bubble, but as my friend Shin notes, this should be more than just a passing note in the Economist. [...]