In the midst of Facebook’s underwhelming stock performance—which has dipped below $30 a share—some analysts are predicting the beginning of the end of social media. Their claims aren’t completely unfounded in regard to revenue: Facebook isn’t doing too well on the open market, and the other two major social media networks, LinkedIn and Twitter, are still trying to figure out how to turn a profit.
While all this paints a pretty bleak picture, what these analysts are missing is Pinterest, the underdog social networking site that added 10 million users in just two months. And the best part? They’re already successfully monetizing their service and helping businesses of all sizes do the same.
While this is only the first part of my adventures with Pinterest, I’m already a little addicted. It’s like Facebook, Twitter, YouTube, and Instagram all rolled into one.