Social Arbitrage: The New New Path to Abnormal Returns (2007)

That's interesting! Something I noticed:

> During the first dotcom bubble, we had lots of startups run by MBAs that were getting trounced by the competition run by hackers. Today, the dotcoms run by guys who only hack are going to be trounced by the startups that also understand social systems.

Are we starting to see this in Google? Google+ was a complete failure, and they are eroding their PR with frequent shutdown of social tools. I am still bitter about the shutdown of Hangouts, which I used all the time.

But, Flickr, MySpace, and Digg are basically "has beens" now... Maybe the shiny college crowd of Facebook looked more interesting than MySpace. Digg had a user revolt and they all went to reddit. Flickr? Was it their business model (Yahoo bought them in 2005)? This was written before the iPhone was announced, but Instagram came 5 years later, when did the downturn of Flickr start?

Still, nowadays everything has to be social, so the article isn't wrong.