Social Media Consolidation

Facebook, Twitter, LinkedIn, Flickr, MySpace, Groupon, and the list goes on. It's a social media boom, indeed. However, after the boom usually comes a bust. I agree with this author who predicted social media consolidation and/or foldups this year (click here for full article). Some social media companies might consolidate to form bigger ones, some might get acquired, or some might simply give up. As a user, I'd probably end up using just one site, just because maintaining too many sites is just complicated. So it's survival of the fittest - battle of the bests - whoever gives me the most value.

It's almost the end of 2010 and still there are a lot of them out there. However, if it doesn't happen this year, I think the inevitable will happen not too far ahead. Here's an apple to get you thinking. :)