Are we truly in bubble land?

Steve Rubel:

The whole social graph thing is a unicorn-like myth. We have a social graph already - it’s called real life. True sign we are in bubbleland about 7 hours ago from web.

A bubble exists when there is an invalid perception of value. Are people perceiving more value than is really being created? I think we are only on the brink of what we will be seeing in terms of real value creation with social networks.

People will be shifting where they get their information from. As people turn more towards the Internet for information, and less from traditional channels and real life, the social graph online is going to grow in influential power.