Facebook, MySpace Could Boost Location-Based Services -- Social Networks -- InformationWeek

Location based services, like finding friends, local area searching and commerce and geographic services are positioned to boom through the use of social networks on mobile phones, a booming phenomenon in itself. It has the potential for the rise of new business models, where companies cater to the travelling public for increased business while they are in the area. Facebook, MySpace Could Boost Location-Based Services -- Social Networks -- InformationWeek