Bill Gates Quits Facebook

And in today's "news unworthy of the WSJ [even its blogs]" category: Bill Gates Quits Facebook. Talk about vacuous buzz mongering. "A week of bad press" for social networks? It's all been journalistic speculation based on vague presumptions and fundamental misunderstandings about the potential of these sites. Sure the hype might be burning off: not in itself a bad thing. But that doesn't mean the sites themselves aren't viable businesses with growing consumer bases who perceive real value in them.