Explosion of Social Networks

Facebook has grown tremendously since its creation, but they are not the only social network to be thriving.  Facebook only should the world the power of social networks and there potential.  Just like the internet has many unfilled niches people are starting to think that facebook cannot fill the need for social networks.  There are new nichified social networks being created all the time.  These social networks feel there is an entrepreneurial potential for these markets and that they can make money and exist even with facebook. In 2010 a new social network called Audimated was launched and it is a social network that focuses on that coffeehouse feel and for musicians.  It has been doing well and is a place were people can promote independent music and find good music.  Will this social network squash facebook?  Absolutely not, but it shows an important point that there niches left in the market that can be exploited.  It is the entrepreneur’s job to find them and fill them.  You may not be able to be better than facebook, but you can be different then facebook and being that the web is for the world you can find enough people that will like those differences.