Will a social networking site giving up 70% of its ad revenue to its members be the next BIG thing?

[D B]

This company has broken into the top 2000 most visited websites in the last 6 months on alexa.com, something that took Facebook, and Twitter over 7 years to do, plus offering a free way to make money to all its members. It's filed the papers to become publicly traded on the stock market this week, because of its very simple, and free business idea, as well as splitting 70% of its advertising revenue amongst all its members. Being that it's less than a year old I wonder will this be the next Google, or Facebook, or Twitter? http://www.internetstring.com

[blacksockbandit]

no, it likely won't be. Facebook still doesn't actually make money. Sure, it brings money in, but costs still outweigh profits.

so giving away 70% of what it brings in to begin with puts it in a deeper hole than its competitors.