From Forbes a few days ago:
Today, Salesforce.com laid off about 100 people from two social-media acquisitions, Radian6 and Buddy Media. Although it may not be surprising given likely job overlaps–and the fact that Buddy was losing big bucks before the sale–the layoff suggests that the market for social ads isn’t big enough to accommodate all the players that have sprung up in recent years, or at least all the employees working for them.
via Did The Bubble In Facebook Ad Startups Just Pop? – Forbes.
