I haven't had the time to cover much of the social network phenomenon, but I believe it's part of the ubiquitous network as it allows people to communicate. This announcement probably marks the end of MySpace or any other web property who wanted to capture some big slices of the social media pie. I always believed in finding application innovation outside of the four walls. Trying to innovate and build your own application, like MySpace has done so far. So unless MySpace is already working on such an open platform, they can kiss their leader position good-bye.Facebook could easily become the most important portal for your internet experience as Yahoo or MySpace were. I would call them the internet operating system.
