Two items in the news today raised eyebrows.
First, Cisco sales fall 18%. Cisco is the backbone of the web and enables all the social media goodness to flow through corporate networks. The fact that companies aren’t buying may signal a stall in social media adoption, because the tubes aren’t big enough to allow it inside the network. Read more about Cisco’s earnings.
News Cop. loses $363 million and MySpace is to blame. With numbers like that investors aren’t going to friends for long. Maybe parties like the one featured in Funny People won’t be happening any more. Although, I’d pay to see James Taylor say “F” my company’s competitor. Mashable details its analysis of the gory details.
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