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Cash machine

Facebook has achieved what so many Web 2.0 startups have failed to do: They have positive cash flow.

Lesson to be learned here? Rupert Murdoch jumped the gun and spent a gazillion dollars for MySpace, which made a profit (barely) a few years ago but is now getting clobbered by Facebook, and the last payment from Google is looming for MySpace. Can MySpace be profitable without Google's cash? I doubt it.

Sometimes, it's good to be #2.

This entry was posted by Kevin Creighton, on 9.15.2009. You can leave your response.

“Cash machine”
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