It is end of the bubble of common folks excitement with cheap internet and cheap gadgets.
Facebook has near exponential growth rates due to many factors, but mostly - a) cheap digital cameras (and then mobile handsets). b) cheap ADSL technology around the world (then mobile broadband). c) peer effect - adult population engaged in behavior of teenagers and college students.
Now all the excitement gone, and all those gadgets, sites and self-exposing or on-line shopping is nothing but a common boring activities.
The next big thing, by the way, is distance-everything. Distance learning is already here, along with remote work. Distance medical diagnostics is on the way.
As long as more people will realize that distance education is possible, they will naturally think that almost everything else also.
That means very interesting possibilities for an economy, including bursting of commercial real-estate, pay-walled education and even SUV-cars bubbles..
Just because something became common, and comfortable, doesn't mean it will stop being economically significant. Otherwise, after the first internet bubble burst, the web design business would crash and burn, along with the the online advertising business, and online shopping business. Social networks, online shopping and gadgets are here to stay, in one form or another, and they will be huge revenue streams for companies which produce the best products.
Good luck with your business on distance learning, it sure is promising, hope it works out as you expect.
Facebook has near exponential growth rates due to many factors, but mostly - a) cheap digital cameras (and then mobile handsets). b) cheap ADSL technology around the world (then mobile broadband). c) peer effect - adult population engaged in behavior of teenagers and college students.
Now all the excitement gone, and all those gadgets, sites and self-exposing or on-line shopping is nothing but a common boring activities.
The next big thing, by the way, is distance-everything. Distance learning is already here, along with remote work. Distance medical diagnostics is on the way.
As long as more people will realize that distance education is possible, they will naturally think that almost everything else also.
That means very interesting possibilities for an economy, including bursting of commercial real-estate, pay-walled education and even SUV-cars bubbles..