Why Social Media Is Overhyped as an Engine of Growth
It doesn’t seem like much of an exaggeration to say that investing and media circles are gaga over social media companies such as Twitter and Facebook. But it isn’t just their demonstrably significant cultural and media impacts that are creating a buzz. It is the prospect that they will generate a new wave of growth and wealth, much as Web 1.0 companies did in the late 1990s.
