Why Diaspora failed (and why their failure is important to the social web)
Social media is fragile right now. The Facebook IPO failure (which followed several less-publicized failures by other social media sites) has investors questioning the validity of pouring money into social startups. The model went from unproven to disproven in many ways over the last couple of years after the disastrous turns that sites like MySpace, Digg, and AOL’s Netscape/Propeller took after promising starts. The news that Diaspora’s founders have “moved on” puts another black eye on the face of social media. At some point, they’re going to run out of eyes to blacken. What makes this less…