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Social Networking Gets a Sanity Check

Posted on June 13, 2008

After years of hype, noise and funding, the social networking sector is finally getting a harsh, but necessary, sanity check. Today there are numbers out from comScore that indicate plateauing growth for the big two MySpace and Facebook in the U.S. Last week, Revision3 canceled SocialBrew, an online video show dedicated to social networking. Meanwhile, Monster killed its Tickle social networking service (first reported in April by TechCrunch), following closely on the heels of CondeNast???s shuttering of Flip and Verizon???s decision to close up its virtually unknown network, whi...

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