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...MySpace in 2003. Normally, having a social network where people go to share profiles of themselves, write blogs, and submit videos would not seem like much of a business. But MySpace has well over 100 million users. People viewed over five billion videos at YouTube last month. Investors assumed that any medium with such a large number of users has to become a huge business. Millions and millions of users must be worth something. They can't be worth nothing. That couldn't be possible. (See pictures of the meteoric rise of YouTube...

Author: /time Magazine | Title: Facebook Takes a Dive: Why Social Networks Are Bad Businesses | 4/1/2009 | See Source »

...revenue targets. That is usually not the hallmark of a property that is going to take over the Internet. Analysts believe that MySpace rival Facebook had revenue of $265 million last year. That is astonishingly low for a company that had 57 million unique visitors in the U.S. last month. And, Facebook also has a very large international user base. (Read: "MySpace Launches a Free-Music Revolution...

Author: /time Magazine | Title: Facebook Takes a Dive: Why Social Networks Are Bad Businesses | 4/1/2009 | See Source »

...free. The hotel will also offer a complimentary bicycle program, allowing its guests to explore Boston without guzzling gas. The Charles is not the only Boston hotel with an environmental conscience. The Seaport Hotel near Logan International Airport is offering complimentary parking for hybrid cars during the entire month of April. “We’re strongly motivated by environmental concerns,” said Matthew V. Moore, the hotel’s director of rooms and environmental programs. “The complimentary parking is our way of giving back to those guests who share a similar...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Hotel To Reward Green Drivers | 4/1/2009 | See Source »

...meeting was the penultimate step in a superintendent search that began in December, a month after former Superintendent Thomas D. Fowler-Finn’s early departure. Although committee members will base their decision on a set of criteria derived from community input, the rest of the selection process will not be open to the public...

Author: By Sofia E. Groopman and Michelle L. Quach, CRIMSON STAFF WRITERS | Title: School Committee Screens Superintendent Candidates | 4/1/2009 | See Source »

Elia Roldan had just received a new lab coat with her name embroidered on the pocket. She worked as a dermatological assistant and although her doctor's office was struggling - fewer people are getting Botoxed these days - her boss assured her that everything was fine. But that was a month ago. Now she is at Manhattan's Tompkins Square Park at 2 pm on a Tuesday, tossing an office telephone down a measured runway in the very first, and possibly only, Unemployment Olympics. "It's not like I have anywhere I have to be," she says, "I mean, not anymore...

Author: /time Magazine | Title: New York's Unemployed Olympians | 4/1/2009 | See Source »

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