Social Networking news and information

With the college social networking company new initiatives (sponsored feeds, sponsored groups, privacy issues and non-exclusivity), Facebook is poised to either dominate the student social networking scene *or* do the Friendster nosedive.  I have to admit that I have no idea as to which way this will go.  It appears to me that everyone else, including Zuckerberg, is clueless as well.

David Utter suggests that a Facebook clone that was college exclusive might now have that edge it needed to break into the market:


Countless companies have gone from Hot to Not in a very short time. Netscape, AltaVista, Compaq, Sun, Atari, Friendster and more all have a sad story to tell.  Will we add Facebook to the list of has-beens pretty soon, or will they surprise us all and succeed.  Again, no clue here, but I welcome your input.