According to ABI Reseach, the emergence of location-based mobile social networking services such as GyPSii, Pelago and Loopt is revolutionizing social networking and is set to generate $3.3 billion by 2013. However, at the moment it’s not the advertising that generates the revenue for the service providers. Rather it’s licensing and revenue-sharing deals that location-based [...]

It seems that getting a piece of “Facebook action” is just not enough for Microsoft’s social networking plans. Now, they went ahead acquiring technology from web and mobile social networking service WebFives . In case you’re not familiar with WebFives, it’s a social network focused on mobile content like videos, music and photos; that allows users to access their site both via computer or using a mobile phone. Anyway, as a result of acquisition (we don’t have a dollar figure), WebFives will be closing its virtual doors to the end-users, who should now (according to WebFives) start using MSN Spaces and/or Windows Live for their social networking experience. Guess that was also included in the price… [Via: TechCrunch ] ---Related Articles at IntoMobile:Bebo Mobile To Launch On OrangeAll mobile photo sharing toolsO2 brings MySpace and Facebook to mobile users in the UKGyPSii's geo-location social networking platform accredited for Nokia N95, 6110 NavigatorMobile social networking in June