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Nextdoor's mission is to rekindle this community spirit in neighborhoods across the U.

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Advertisers are seeing a good conversion rate of customers via brand pages." One Facebook fan, Lou Kerner, a social-media analyst at US-based Wedbush Securities, says that Facebook is "the transformational media company of our time".

Facebook should be viewed as having the same importance and reach as broadband. I believe Facebook could be valued at $100bn or even $200bn could be a modest valuation.

Foursquare Foursquare is a location-based social network that lets you "check in" at venues using your phone or mobile device.

You can then connect with other Foursquare users to share information about where you are and what you are doing.

This information is gathered to your mobile device to provide you with an inside view on the best things to see and do in your local area.

Similar to a cross between Google and Facebook, the social network also allows you to post status updates and share photos.

Roamz Roamz isn't so much an alternative to traditional social networks as it is a new way to embrace them.

This mobile app gathers data from Facebook, Twitter, Instagram and Foursquare and alerts you to the most interesting or significant things going on around your local area.

This more focused approach to social networking helps create a simpler and more intuitive user experience.

Path Path is a simple photo and message sharing social network that limits users to a maximum of 150 connections.

Goldman Sachs invested 0m (£290m) in the social networking site while an existing shareholder, the Russian investment firm Digital Sky Technologies – set up by two former Goldman directors – invested another m, valuing Facebook at an astonishing a bn.

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