According to a study conducted by ABI Research, mobile users accessing social networking sites such as MySpace, will reach 174 million by 2011.
The big stumbling block at the moment is the business model – the more time and use on the sites, the more money they cost the user, inhibiting growth.
If these sites are to be able to sustain their growth and reach the milestone, they will need to dramatically rethink their business models and particularly how they plan to monetize their services.
Originally posted on January 4, 2007 @ 1:25 am
Thanks for the hat tip!