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Looking at the Future of Social Media

This post at Search Engine Journal references a social media project at Carnegie Mellon called Socialstream which, among other things, was created to "rethink and reinvent social networking".

Google, Yahoo Quietly Develop Social Networks
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So Google’s Orkut hasn’t taken off where it counts and the company missed its chance to buy MySpace for the half the price News Corp. paid for it. And Yahoo couldn’t get Facebook CEO Mark Zuckerberg out of bed long enough to negotiate a successful buyout. Must be why both of them are working on new social networks on their own, on the sly.