What role do social networks like Twitter and Facebook Play in the Economy?

[Jassica]

Social networking sites, such as Facebook and Myspace, have many positive societal effects, due to their ease of use and ability to reach groups of people, simultaneously. People have been able to create new friendships and reconnect with people through the use of these networking sites. Businesses have also been able to take advantage of these websites, due to the ability to sell to millions of people, without ever leaving your desk.