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Social Media: Not Just For Chitchat Anymore

Law360 (April 14, 2009, 12:00 AM EDT) -- Six years is an eternity in the social media “industry.” Friendster, an early site targeting adults launched in March, 2003, generated three million registered users within months. MySpace went live within days, quickly becoming the online hub for teens to connect with friends.

All the while, Facebook was offering memberships to college students through their schools, ultimately building a network of about 175 million global active users that now surpasses that of its predecessors.

Initially intended to create a safe, efficient online environment for children and...
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