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Yesterday Google announced that OpenSocial now reaches 350 million users, suggesting that the competition is still on to become the largest social platform. The competition may be slowing though as Stefanie Olsen suggested this morning. Rather than a large influx of new competitors, the
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10 months ago
I think this is simply the latest wave of deflated irrational exuberance in the investor community. It's a good thing as it forces new businesses to act like businesses rather than 'cool ideas'.