Why Pownce has Failed?

Pownce is a free social networking and micro-blogging site started by Internet entrepreneurs Kevin Rose, Leah Culver, Daniel Burka.^[2] Pownce is centered around sharing messages, files, events, and links with already-established friends. The site launched on June 27, 2007, and was opened to the public on January 22, 2008 according to Wiki.  Pownce has failed, because pownce is slow. One of the slowest site on internet. This is the reason why i gave up using this service, After a lot of months, i visited my pownce page again, the funny thing is, pownce is still same.  I really wonder how are all of these existing users keep using the service. It looks like, new comers make the site look fresh but the truth is, pownce is dead. It could be easily a twitter competiter.  And it could be awesome when it’s integrated with Digg. But it’s late. Infact it’s late for everyone on earth who plans to start a social networking site after facebook. Standards are too high now with facebook, and the pownce technology is out of the line.  Goodbye Pownce, because your speed, your technology,your design and your concept deserved it.