existentia

I was never really convinced by Pownce when it was launched last year. I was signed up for awhile but it arrived a bit late to the social networking party and I don’t think it really knew what it wanted to be. Was it a social networking site (ala Facebook) or a micro-blogging tool (aka Twitter)? I think it tried to do both, but wasn’t really good at either and just couldn’t compete with what was already there.

Six Apart (Vox, Typepad et al) have annouced they have purchased Pownce but it sounds like it is just a technology and staff grab as they intend to close the site down later this month.

In the current economic climate I think we’re going to see a lot more Web 2.0 start-ups either getting swallowed up by bigger neighbours or simply closing down.