Interesting article at The Economist about social graphing being a ‘fad’ sweeping across silicon valley. Google CEO Eric Schmidt steps in as well,

Silicon Valley’s craze for the “social graph”, however, is overdone. The term has been around in computer science for decades, says Eric Schmidt, Google’s chief executive, so it is puzzling that Mr Zuckerberg should get any special credit for using it.

The idea and application of graph theory has been around for a while. Zuckerberg just reintroduced the topic in an interesting time. As Hugo said, ‘there is nothing more powerful than an idea whose time has come’.

The article goes on to compare all the networks, and once again we hear all the speculation on valuations. We will continue to hear these worthless speculations for a while-  I think until the dust settles after this impending storm we will have a clearer idea of where the true value lies.  Who knows what kind of power lies in true leverage of all that data? In an information age, it’s hard to see people overlooking its importance.