via Forbes by Chunka Mui
We overestimate technology in the short term and underestimate it in the long term—even when we know that we tend to do so. This long-cited axiom is playing out again in the case of social media.
There should be no doubt about the short-term overestimation, given the initial exuberance and now the collapse of stocks like Zynga, Groupon and Facebook. The longer-term underestimation is harder to pin down, but even more dangerous. It is now well under way. -CM
Worthy read.