Location Based Social Networking
According to a report by research firm ABI Research, location-based social networks could reach revenues as high as $3.3 billion by 2013.
According to ABI research, most of these networks will make their money from licensing and revenue-sharing with network providers or handset manufacturers.
Nokia, for example, acquired Plazes a month ago, while GyPSii has deals in place with Garmin and Samsung. Loopt, too, has partnered with virtually all the major US mobile carriers.
The next big trend for social networking is the rise of the mobile social network.
A ComputerWorld report confirms that worldwide, the number of mobile web users will soar to 975 million by 2012.
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