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Facebook – a bank? The future of online networking.

  • Social media is bringing together like minded people and consumers
  • Mediums like Facebook could pose threat to large corporations, like banks

Thomas Power knows a thing or two about networking – he is the co-founder of UK based business networking site, Ecademy. What Thomas points out in this video, is that the infiltration of social media into all age groups, and all walks of life, is growing the opportunities for peer to peer networking to collaborate in business.

With a user base of over 1 billion, the ability to collaborate with others in business is a very real possibility. Connecting with strangers and gaining a huge buying power is diminishing the need for resellers or middle men in business trade – ultimately cutting costs and eliminating stock – driving prices down.

Peer-to-peer lending, has emerged as a new way to seek funding or a temporary loan. If everyone on large platforms like Twitter or Facebook were able to do this, the need for large banks or similar establishments could be eradicated.

So, Madness or inspired thinking? In this video we look into the world of online networking and the changing face of the internet in 2010.

Co-Founder & Managing Director - Travel Media Applications | Website | + Posts

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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