I’ve heard rumors that News Corp will buy LinkedIn. This would put MySpace and LinkedIn under the same roof. What does this mean for social networking?This means that to dismiss social networking as a fad for teenagers means you don’t understand social networking. These tools are very powerful and as more people use these tools they become harder to ignore.Craiglslist has changed the way classified ads are published in newspapers. I haven’t looked to a print source for a job or a piece of furniture in two years.To resist new technology is like the town wagon wheeler protesting the proposed train station. News Corp saw enough value in social networking to buy MySpace and whether or not they buy LinkedIn is moot.If you are in business you need to be familiar with these tools.