Online social networking may not be living up to its hype. Is it time to get short?
Although total spending will continue to increase, the rate of growth in social networking appears to be diminishing rapidly. Gene Munster, Managing Director and Senior Research Analyst tells "Fast Money" that Google started the past two conference calls making the point that social networking has yet to result in meaningful revenue because people go to the site to look at the pictures and not to look at the ads.
Interesting, says Karen Finerman, but I don’t think it really moves the needle for News Corp., the owner of MySpace.
I think you should get short anyone who’s looking to get into the social networking game, counters Jeff Macke.