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August 14, 2007
Reuters Chief Says Socnets Not A Bubble
In an all things digital interview with Kara Swisher (Boomtown blog) this month, Reuters group chief, Tom Glocer, said that social networking is not a bubble - in response to her questions about what's the biggest hype in Internet-related news today.
We don't normally quote the chief execs of the information industry here, but for our readers who have a stake in the category, and for 'bubble' watchers, Glocer's comments fit the bill.
About 5 minutes into the interview he begins to talk about how Reuters sees social media and the things that industry participants are still trying to figure out (e.g. monetization).
From the little bit that Glocer said, Reuters is looking at customizing news for individuals, or a community of interest - news alerts on what people need to know if they are diagnosed with cancer, or what is the current danger level at the airport you are going to be landing in next week.
Unfortunately, the talk digressed too quickly to learn if the effort will involve acquisitions, or starting up a new venture capital fund, which would have made this post a bit more relevant.
The Blackberry Curve-toting (the Curve is the RIM smartphone with Qwerty kybd) executive's informed answers to Swisher's questions about the trends make us speculate that he has Mashable in his RSS reader, or a subscription to the media stream on StrategyEye from MarketClusters, in addition to his company's experience with new platforms.
Read - Reuters builds an Enterprise 2.0 social networking community for their clients on the new Blogtronix 2.0 Platfrom and Reuters to start financial MySpace.
Go to - Kara Visits Reuters Tom Glocer
Posted on August 14, 2007 06:43 AM | Posted to Media | Permalink
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