uber.com Another Social Network Falls -But it Wasn’t Their Fault (Sure)
Uber.com, a website building platform for the artisticly inclined, has shut its virtual doors. And, if you’re to believe them, it’s through no fault of their own.
A statement issued on their site today said, “The crisis in the economy has claimed Uber as its latest victim. Our investors have decided to stop supporting Uber and we have closed the doors.”
One wonders if the investors would agree with this statement. Is the bad economy the only reason Uber.com failed? This is how Uber set itself apart in its positioning:
“What sets Uber apart from other social networks and media-sharing websites is its clear, clean look, artistic sensibility, and media-friendly focus.”
This, I suppose, is in contrast to those social networks that strive for a slow, dirty, stagnant site that does not allow any multimedia? I’m not casting doubt that the market for social networks is competitive or that the economy is in trouble, but look at other networks, such as GodTube, which found a niche, was quick to bring on big name partners, such as Amy Grant, and targeted revenue generators. The YouTube-like site has had one of the most successful launches (in term of user ramp up) in social network history. It can still be done, folks.
While, on occasion, a perfect storm of economy, hard luck, and timing may bring down a great company, let’s hope that start-ups blaming the economy for their own failures and bad decisions will not become a trend.
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This entry was posted on Monday, September 29th, 2008 at 8:14 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
