Monday, November 21, 2005

Social Networking 3.0

An interesting article in the MIT Technology Review looks at the third generation of social-networking technology to hit the Web:

"If there were a competition for "Internet Buzzword of the Year," last year's winner would have been "social networking," as a cohort of companies such as Ryze, Tribe, LinkedIn, Friendster, Spoke, and Visible Path, rolled out new or improved services that let Web users create online mirrors of their circle of real-life acquaintances...

But today, not only have all of these companies survived; they're experiencing record growth, introducing new technology and new money-making features, and being joined by sophisticated new competitors...Social networking, in other words, is finally becoming a real business with a convincing product."

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