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Social Networking - a passing fad?

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This is interesting

http://www.guardian.co.uk/technology/blog/2009/jun/16/myspace-job-cuts

Is it just that MySpace has lost out to FaceBook by being slow to develop (as suggested by some of the comments here) or is it that there is a finite and rather limited pool of potential participants who move on to other things quite quickly?

Vikki

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