“People don’t appreciate how many page views on the Internet are in social networks,” Mr. Schmidt told a group of reporters at the end of its Zeitgeist conference, a two-day gathering of an eclectic mix of Google partners, competitors, social activists and politicians.

Social networks, he said, account for an “enormous proportion” of Internet usage, he added. “It is very real. It’s a very real phenomenon.” – Eric Schmidt, Google CEO.

This doesn’t confirm any actions Google might take in the future, of course. However, Schmidt also didn’t shoot down the possibility of Google jumping into the social networking arena. Google plans on using the information they have on their customers/visitors for future projects. With all the information they have on us (the entire human race, basically), who knows what kind of supercalifragilisticexpialidocious social networking site they can create.

To hell with Facebook + Myspace, I say! Let us all throw our hats to Google and bow down to their almighty web presence.

Does this pose a security threat for young students? That’s a debate in itself.

Yes it’s ironic that I’m posting about this since my last post spoke about Facebook reaching half the size of Myspace.

The three founders of ConnectU say Mark Zuckerberg agreed to finish computer code for their site, but repeatedly stalled and eventually created Facebook using their ideas.

The lawsuit’s allegations against Zuckerberg include fraud, copyright infringement and misappropriation of trade secrets. It asks the court to shutter Facebook and give control of the company and its assets to ConnectU’s founders.

Read the full story here.

It’s official. Alexa.com’s ranking comparison tool told me today that Facebook is now half as big as Myspace.com. Take a look for yourself:

I really admire Facebook’s growth – although I don’t give them all the credit. The site has been booming since January of 2007 – with traffic doing nothing else but increasing.

Will Facebook be hitting a wall anytime soon? Pun intended.