“It’s extremely difficult to value social-networking-site companies…Most of them will be overpriced. Some will be huge winners, which will make up for the rest.”
So what Warren Buffett is talking about is his investment strategy not the end of Social Media which some in the blogosphere have been touting of late.
I will refer you back to an old post of mine that talks in detail about the: Social Media Bubble Fact or Fiction
I came across a LinkedIn Post that stated “RIP Social Media”. Well after reading the comment and blog (See Original Blog Here) My own conclusion is that Social Media Marketing maybe slowing down but not Social Media.
So here is what I think and others agree that Social Media is about engagement with customers, prospects, employees and people with like interests. The companies that use Social Media to engage will be the victors the ones that try to market before building Trust will be the losers.
Les Adkins CEO of Orange-SMS
Co-Founder of TalkTube (coming soon)
top image provided by jcreationz