This document summarizes trends in social networking and applications from December 2009. It discusses the power of social networks and how search has become primary. It also examines prosumers who both produce and consume media, and how the technographics of social media vary by age. Additional sections explore the reverse sales funnel model and solution spaces for social networking, providing examples from Dell and Barack Obama's presidential campaign. The document concludes by considering digital ecosystems, roles within ecosystems, and emerging trends in nowism and liquid modernity.