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A Definition from Wikipedia:

A social network is a social structure made of nodes (which are generally individuals or organizations) that are tied by one or more specific types of interdependency, such as values, visions, idea, financial exchange, friends, kinship, dislike, conflict, trade, web links, sexual relations, disease transmission (epidemiology), or airline routes.

Tom Hoffman, who tapped into this conversation suggested the following link as a definitive web-document about Social Networking Sites (MySpace, Facebook, Linked-in)

You can learn more about social networking and the effects of social networking in this blog based conversation:

Findings:

Internet users have somewhat larger social networks than non-users. The median size of an American’s network of core and significant ties is 35. For internet users, the median network size is 37; for non-users it is 30.
  • 31% said it increased the number of their significant ties, and 2% said it decreased them.
  • 30% said it increased the number of their casual acquaintances, and 2% said it decreased them.
  • 28% said it increased the number of their core ties, and 1% said it decreased them. (Boase)

Bibliography: