Well, Web 2.0 is a phrase given by O’Reilly Media, referring to the professed notion of second generation of Web based societies and hosted services such as folksonomies and social-networks which aim to allow interaction and sharing between like-minded groups of users across the web.
Leading the virtual social experience for example is MySpace followed by Facebook which boasts over thirty million active members as the fastest growing social networking website thus far. to read more on social networking/Web 2.0 or to comment on my views... see here http://foamers.net/blogger/archives/82
How does social networking relate to "Web 2.0"?
A social network IS web 2.0, because users interact with the website and each other in a way not facilitated by the admins. Although, there are no rules for what IS and what ISNT web 2.0, so you would just be getting a personal opinion here. To make your own, check out the source
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