A few days ago i posted about how i found much of the current web economy to be, well, fragile.
Last few days on the web news: Twitter’s absence of business model. A VC company funded them despite of this – I even read a post of some guy defending it: Business models are overrated.
Last time i looked, companies in the for-profit sector had to make profit. I think. I don’t claim to understand the subtleties of today’s financial world.
OK, business model is not necessarily equal to profit, but it means at least a well-reasoned expectation of profit. It’s an expression of the founder’s belief that they can make a living out of their venture.
So this, my friends, could well be the delicate sound of a bubble popping.