facebook, gigaom, linkedin, myspace, reid hoffman

There is room for more social networks

The takeaway from Reid Hoffman’s recent interview about LinkedIn: there is room for niche players in the social networking space despite the headline grabbing businesses. The nauseating comparisons to Facebook continued, but he defends social networks — such as his professionally-targeted site — as tools each with their strengthens and markets.

Om’s fourth Hitline is that there are too many social networks and they are all looking the same, BUT they need to break out and do one thing well in agreement with Reid’s message. The money quote:

… at the end of the day, the only social network that really matters, is [sic] the number of people in your cell phone. … These are the most important people in your life that really matter.