Under the influence of the social web

5 Oct 2010

Social networking is the Web 2.0 darling. It's hard to imagine that Facebook didn't exist just six years ago and Twitter only four. Not to mention that Facebook founder, 26-year-old Mark Zuckerberg, recently surpassed Apple's Steve Jobs as well as media mogul Rupert Murdoch on the Forbes US rich list. Worth an estimated US$6.9bn (£4.4bn) Zuckerberg is estimated to be the 35th richest person in the US.

Eight members of the list of 400 are under 40. Three, including Zuckerberg, are co-founders of Facebook. Another two of that list are the co-founders of Google, Sergey Brin and Larry Page, both aged 37. Such is the power, impact and influence of social networking and the internet in today's world that five of the eight richest people under 40 work with social media.

To quote Double Rainbow Guy: "But what does it mean?"

The social web, the web of trust, or the web of influence has come crashing into our lives. There are three big players in this market - Google, Facebook and Twitter. These three companies are jostling for ownership of your social graph (a term coined by Mark Zuckerberg).

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Source: Memeburn

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