March 16, 2009

Express Buzz: Affected by downturn?

BANGLORE: While the recession has sent economists and politicians scrambling in the search for an exit door, a group of people have thrashed out a strategy to beat the turmoil. Their tool: social networking sites.

The Freecycle Group, formed in the city in 2006, is the latest example of how social networking can be tailored to tackle the meltdown. The group is a non-profit organisation whose members exchange materials among themselves free of cost and on condition of bartering.

Freecyclers now see the fraternity as an opportunity to beat the recession.

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