IS Location-based social networking bigger than facebook?

Currently the biggest thing online is Location based services.As more and more tablets and mobiles pour into people's life they become obsessed with Location based benefits. LBMs(Location-based mobile social networking) allow you to share what you are doing via geo-tagged user-generated multimedia content, exchange recommendations, identify nearby friends and set up on-the-go meetings with business associates.According to an ABI Research report, “location-based mobile social networking revenues will reach $3.3 billion by 2013. Current because of  hardware and software limitations, a lot of the location-based mobile social networks is not up to there full potential but in the near future, mobile social networking may take a giant leap forward .The front runneres in LBS - Foursqure which works as a game that awards points to players based on how often they go out, the number of places they visit, and even the number of friends they meet with along the way. Loopt application creates a map on your phone that will locate your friend's residences and locales where they've visited.GyPSii is a location-based network that allows users to upload photos, videos and other information and data about what they're up to and where they can be reached.Plazes focuses on location-based communities. After registering on Plazes, users are encouraged to fill out a calendar with activities they're scheduling and then mapping it to the place where it will take place.Whrrl is a storytelling application for the web and mobile phone that lets people share and remember their real-world experiences as they happen. iPling is a relatively new location-based social network developed exclusively for the iPhone. With this LBM, you can search for new friends in addition to established ones. You can use iPling to search for those that share your background, musical tastes, passion for blogging or anything else you can dream up.

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