Yahoo set to announce biggest layoffs since the dotcom bubble burst – Social Networks are to blame
A few months ago I blogged about the impact of facebook on traditional print media.
Many promoters had stopped printing flyers and started leveraging the power of the social graph available through facebook in order to reach and promote their events.
As reported by Yahoo last week, Yahoo is poised for hundreds of layoffs this week as advertising revenue has dropped significantly.
Social Media sites have become everything Yahoo used to be – but simpler. And easier. And more open.
Marketers have followed consumers to popular social media sites such as Facebook and MySpace. It would appear that facebook has moved on from eating the print shop’s lunch to eating the lunch of Web 1.0 sites.
Who’s next?
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Phil Barrett
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miro
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david
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Lolly
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Phil Barrett
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david



