Check out this SlideShare Presentation: This is a really simple and dramatic short presentation by Kelvin Newman of SiteVisibility that I found a very clear way to summarise what each of the major social media sites are in a few words.
He also has a great weekly podcast called "Internet Marketing" (serach on iTunes) that is very helpful. On his deck he says that "There’s so many social sites out there, but which ones matter and what do they do..." and ina few slides and very few words explains....
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