Ping heads off to the great social network in the sky, and we look back at once-buzzed-about startups that suddenly stopped
Last week, Apple CEO Tim Cook announced the end of Ping.
Ping, as you've likely forgotten, is the iTunes social network that sought to capitalize on people's love for music on an Apple-driven platform.
And
attempts to create a new social media show no signs of wavering; over
the weekend, it was reported that the Winklevoss twins, of Facebook
litigation fame, are backing a social network exclusively for professional investors.
In
light of the Winklevii's newest attempt and the closing of Ping and –
though it hardly seems necessary – to forewarn others, we present the
social web's top five cautionary tales:
