The current state of social media is, well, troubling. That is, from a business perspective. The actual products themselves are mostly useful and helpful for anyone looking to enhance their own learning. But the money being thrown around behind the scenes is downright scary. Instagram is a prime example. Facebook paid a billion bucks for it and Instagram has $0 in revenue? By that logic, I’m worth about a billion dollars too!
So the fine folks over at Online Degree Dictionary assembled a snapshot infographic that details the current state of social media and the business behind it all. It’s a bit troubling and cynical… but worth a close read.
Do you think social media is in a bubble? Is it about to pop? What’s the future of social media? Can’t wait to see your comments and opinions!