Ning, home of such networks as WeLoveEtsy, is closing off free networks and laying off workers. Even on the rapidly growing internet, you need a way to monetize your product. Grow slow and steady. If you expand too fast, you might just be a bubble...
BTW: perhaps we should focus on companies that actually make things again. Stop giving 120 million to random dot com boom type companies and give 1 million each to 120 companies that actually do things, make things, etc, and I bet the effect on the economy would be a whole lot better for more people.
Friday, April 16, 2010
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