The head of interactive and innovation at P&G, Ted McConnell, added to the downbeat buzz on the monetization of social networks. Here’s a pretty biting, yet insightful comment, captured in a recent AdAge article:
“I think when we call it ‘consumer-generated media,’ we’re being predatory,” he said. “Who said this is media? Media is something you can buy and sell. Media contains inventory. Media contains blank spaces. Consumers weren’t trying to generate media. They were trying to talk to somebody. So it just seems a bit arrogant. … We hijack their own conversations, their own thoughts and feelings, and try to monetize it.”
While I personally take exception to his perspective, I’ll restrict my comments to the local social space.


