“For many of them, the business plan remains blurry. Even giants like MySpace are struggling to figure out the financials. And there’s no guarantee that Web masses will stay loyal for the long haul. If investors lose faith in these new ventures built on relationships, all hell could break loose. This could convulse Wall Street, deepen the recession, sink pension funds—you name it. But you know what? The next day, we’ll be back on the blogs and social networks, checking up on each other, uploading our analyses, and sussing out opportunities in the storm. Even if the bubble bursts—and we predict it will—the power of social media to transform our businesses and society will only grow.”
