INTERNET NEWS -- July 11 -- The Social Networking Conference was held this week in San Francisco. Mark Brooks, editor of Social Networking Watch, told the audience, "MySpace got the model really right. It allowed people to connect on their point of passion, empowered them to create absolutely horrible Web pages. They were crazy pages --but they were their pages." According to Brooks, advertising remains the biggest source of revenue for the industry. "I think there's a lot of money in niche sites, Brooks said. MySpace and Facebook are the fastest growing in terms of mobile traffic trends. MySpace expects half its traffic to be mobile in the future, thanks to its deals with 23 carriers in 13 countries to date. "We've hardly scratched the surface with mobile social networking, however," Brooks told the audience. FULL ARTICLE @ INTERNET NEWS