Today, as most of us know, social media has taken a front seat in all of our lives. You can go nowhere without hearing the names Friendster, Facebook, MySpace, Twitter, eBay, Amazon and others. Facebook is reporting that their estimated earnings for 2009 to be around $1.1 billion. So who shares in these revenues? Well, it is those closely involved with Facebook & the other known social networking sites, venture capitalists, private investors, and developers.
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