Is there room for more social networks?

If you are the social media news hound types, you must have lapped up some of the interesting snippets on the the social networking juggernauts. For the benefit of the readers, let me make an attempt to quickly round up a clutch of the more interesting ones in my view.

Is there room for more social networks?

Linked In was recently assessed to be the most valuable network and having crossed the 100 million accounts milestone, is well on the way to an IPO as well.

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