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Linkedin now valued at $1Bn - what can other social networking sites learn from them?

I read with interest in the Financial Times on Wednesday that Linkedin.com, the business networking site is now valued at more than $1Bn following some recent investment from Bain Capital.
The article contrasts the  $15bn valuation for Facebook implied by a Microsoft investment of $240m last year and the $580m News Corp paid for the parent company of [...]