Will social networks kill Google? A Facebook founder (naturally) says yes

When I wrote a post a month ago detailing why I thought Facebook could really hurt Google (GOOG), lots of readers scoffed at my logic. So I was relieved to see that Sean Parker agrees with me. Parker, a babyfaced wunderkind tech enterpreneur, played key early roles in Facebook and, before that, music filesharing site Napster. He gave the most provocative presentation at the Web 2.0 Summit in San Francisco last week -- laying out, in broad brushstrokes, how and why he thinks Facebook will kill Google.

Parker believes, in short, that businesses that connect people are worth more than businesses that collect data. Google collects data; Facebook connects people. So network effects will go to Facebook, and not Google.