I think there's some confusion about what "networking" (as a verb) might mean. In the "old school" sense, networking meant "expanding one's network of contacts"-- the object being to collect contacts that might prove fruitful down the road.
"Social networking", on the other hand, may not share this objective. Personally speaking, I use Facebook to stay in touch with my (existing) network of friends, and have absolutely no interest in "friending" people I am not actually, in real life, friends with. The value to me comes not from expanding the network, but in nurturing the existing relationships.
"Social networking", on the other hand, may not share this objective. Personally speaking, I use Facebook to stay in touch with my (existing) network of friends, and have absolutely no interest in "friending" people I am not actually, in real life, friends with. The value to me comes not from expanding the network, but in nurturing the existing relationships.