Just a quick update, I forgot to make a mention on my last blog about our reliance on advertisements – so I will keep this entry quick!
The social network QQ from China earned $523 million in revenues for 07-08, four times that of Facebook. Interestingly, only 13% of their revenue came from advertising – most of it came from Games and Mobile Services.
Perhaps this is where our Social Networks should be looking? It is funny how alot of Western businesses place advertising as their primary source of income where the rest of the world choose to innovate.
