What has an iPhone got to do with Social Networking?

The latest scoop from the social web is that, both Google and Yahoo are working on next generation social networks. Yahoo is working on a service called Mosh (certainly to replace 360), while Google is working on Socialstream (possibly to replace Orkut, which is pretty dormant outside India and Brazil).

In other buzz, Facebook might file an IPO, to become the first Web2.0 service to go public.

And finally, Apple is planning a cheaper Nano-based phone, while the Linux-based open source iPhone-rival called OpenMoko is here (at almost half the price of an iPhone).

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