Bursting Bubble Or Business Blindness?

The cancellation of a London conference on social networking due to lack of interest from potential delegates has The Guardian wondering whether social sites are going the way of the dodo. Though I’m inclined to believe that the end-cap to the piece is more accurate in its assumption:

“Alternatively, the cancellation of a social networking conference in London may just be another example of the sad reality that European companies just don’t get the web.”