There is no doubt that social networking is thriving, well in most parts of the world. It’s so popular that, even a six year old kid knows there is something like-bebo, MySpace, facebook (not in any particular order). Like most of the web 2.0 stuffs Social networking’s popularity relies on power to engage massive community. The enormous success of social network startup like-facebook, twitter, bebo, MySpace definitely attracting hungry businessman. Why? Off course they are trying to figure out a way to utilize this to gain profit. To be honest 99% social network still lacks any business model that can produce cash, apart from advertising revenue. More scarcely only a very handful companies really have figured out how to capitalize on all that coveted word-of-mouth and networking. So clearly the problem lays within the social network nature such it is, where lack of room for business to fit in. For example—Twitter, a mighty social networking tool that growing in lightning speed and bagged couple of awards in recent years. Not only awards but as well they grabbed US$35 million in VC funding lately. But still now there is no sustainable business model. Social networking monetization is still just a topic…
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