And since I have not yet sold the handful of shares of Facebook I own, I guess I remain confident that they can still become a money-making SOCIAL network, and not turn into a doomed-to-fail Google-ish network that used to be social.

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Special Offer: Long before Facebook, George Gilder started a money-making social network for technology investors and entrepreneurs: Gilder Telecosm Forum.

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It is also a good example of the money making abilities of East Asian social network sites.

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The social network acknowledged making mistakes and agreed to regular privacy audits.

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Making activity streams work in a social network internal to a company is much easier than getting all the companies on the public social networks to play nicely together.

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Radical change is also occurring at the Rockefeller Foundation, where President Judith Rodin is making investments in profit-making companies that have a social entrepreneurship goal, like a network of 170, 000 scientists that is being utilized to solve important social problems around the globe.

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