More on markets as social networks.
For some time, I’ve been highlighting the similarities between Facebook and Bloomberg and the importance of social networks as the core foundation of successful markets and so it is nice to see that others out there agree:
Web 2.0 Summit: Wall Street Becomes One Big Social Network
Today’s “High Order Bit” talk from venture capitalist and “Infectious Greed” blogger Paul Kedrosky focused on the ways in which financial markets are coming more and more to resemble social networks. That leads to a pretty obvious question: Whom does increasing connectivity, correlation, and transparency in financial markets really benefit?
Although I would point out that a more accurate headline would have been: “Wall Street has always been One Big Social Network”. Facebook didn’t discover the social graph, they just put a name to it. Oh and Paul, insofar as it helps, you have my vote! (Do you really want that job?) And if you do get the job I’m open on discussing how my firm may be able to help you with your transformation plan. 
