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The Company That Creates One Global Social Graph Will Be Very Important Going Forward. It Will Be Facebook, With Maybe 2-3 Local Social Networks Able To Sustain Competition Long Term.

You Have To Travel Globally Today To Know What's Going On And Maintain An Edge.

You Can Transmit A Thousand Times More Information.

Facebook Now Is Mostly About People You Know. In The Future It Could Be About People You Know Less But Are More Important.

The Polling Of Internet Users Shows That Friends Recommendations Are The Most Reliable Driver Behind Purchasing Decisions. Right Now That Market Is Largely Untapped. Facebook And Other Social Networks Can Allow That To Happen.