I’ve been reading alot about Social Networks and concerns over their ability to monetize.   I’m not really too sure why there is a belief that social networks can’t be monetized.  Myspace the guerillia in the space, and arguably still the leading Social Network in the US, has been monetizing just fine.    Fox Interactive is reporting that Myspace revenues are on route to $800M.

In July 31, 2007 Facebook had 150 sponsored groups.  The list price for a sponsored group was $50K/month, thats about $180 Million from groups groups which have been largely replaced with Facebook Pages.   Also in July 31, 2007 Microsoft signed a $200M annual commitment for banner advertising.