Getting Older Without Getting Old

Facebook has attracted over 400 million users. A recent NYT article suggests Facebook will stay popular for some time due in part to the network effect. As we studied in ECM 210, the value of an online network increases as new members join. The size of the Facebook membership attracts new products and services from third party developers, which benefits all members. See Getting Older Without Getting Old.

4 Wiseguys Indicted for Gobbling Up Choice Concert Tix

Another reason all the good seats are gone - Wiseguy Tickets. Charges against the California company allege that the company "controlled thousands of Internet and email addresses, telephone numbers, and credit card accounts to make it appear that thousands of individual consumers were buying seats." Wiseguy was able to defeat the Captcha technology that is supposed to require a human eye to solve it. They resold the tickets at a profit to other ticket resellers. See 4 Wiseguys Indicted for Gobbling Up Choice Concert Tix.