Social networks can't afford to stop innovating

04/8/2010 | CNN

Bebo could have been a contender -- but the company AOL bought for $850 million just two years ago now looks to be heading nowhere fast. Like MySpace, the network foundered because it stopped innovating, writes Pete Cashmore -- and that holds a lesson for the current crop of social giants. "It's unlikely that Facebook and Twitter will fall off a precipice this year -- although they soon will if they cease to innovate," Cashmore writes.

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