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Wikipedia defines Social Media as the democratization of information that helps transform people from passive content readers and observers into active content publishers and participants.

Social Media Advertising

Cubics Social Network Advertising - Displays over 8 billion ads per month on Facebook, MySpace, Hi5, Bebo & Friendster.
 
Facebook Advertising - Reach your exact audience and connect real customers to your business. 500 million members.

MySpace - Find friends, classmates, meet new people, listen to free music, build playlists, share photos, watch videos, etc.

NetLog - Netlog is a social portal for more than 60 million young people in Europe. 65% are aged 14 to 24 years old.

SocialMedia.com - Turns standard ad units into social experiences that resonate with friends and community members.

StumbleUpon - Exposes your site to potentially over 10 million highly targeted users. No click-through required.

Twitter - The best way to share and discover what is happening right now.

Social Media Marketing Services

Brick Marketing - Helps build your business through social media marketing optimization.

Convonix - Social media optimization (SMO) and marketing: Blog marketing.

eBrandz - Social media optimization / Web 2.0 optimization.

Social Media Power - Social media consulting, Web 2.0 optimization, custom wordpress sites, social media newsrooms.

Social Media Tools

SocialOomph - Tools to boost your social media productivity.

Social Media Software

Dolphin 7 - Software for creating social networks, web communities or dating sites.

Dolphin Geeks - They will install the Dolphin script for you for $10.

Social Media Sites - Web 2.0 Properties

About Us - Collaborative guide to the best places on the world wide web.

Bebo - Provides an open, engaging, and fun environment for people to discover, connect and express themselves.

Better Networker - Social network for home business owners.

eHow - A site that teaches you do to do just about everything.

eSnips - 5GB of free space to upload & share your files, photos, videos & music.

Ervi - An online service for intelligently finding, organizing and sharing information with the people you trust.

Experience Project - Find, read and share true personal stories about millions of life experiences, including your own.

Facebook - A social utility that connects people with friends and others who work, study and live around them.

Fast Pitch - A one-stop shop for a business professionals to network and market their business.
 
Flixya - A social network that built the tools for you to share your videos, photos, and blogs.

Friendster - A global social network emphasizing genuine friendships and the discovery of new people through friends.

Gather - Allows you to make money by writing.

Herodontics - Social networking community for dentists & dental prosfessionals.

Hi5 - Social network of your friends and your world.

HubPages - Online space to share your advice, reviews, useful tips, opinions and insights with hundreds of other authors.

identi.ca - A social microblogging service similar to Twitter, Allows users to send text-based posts up to 140 characters.

InsaneJournal - A simple yet very customizable online diary.

Kaboodle - Your guide to the web’s best products hand-selected by shoppers.

Knol - A unit of knowledge: share what you know, publish your expertise.

LinkedIn - Used by over 65 million professionals to exchange information, ideas and opportunities.

List After List - Over 18,000 lists, Is for listers who like concise informative lists, top 10 lists, how-to lists, funny lists, etc.

LiveJournal - A site where you can have a free blog or journal.

MerchantCircle - Largest social network of local business owners. Your business will get more exposure on the Internet.

Mixx - Your link to the latest news and top videos and photos from around the web. Find web content that really matters.

MisterWong - Search and discover new and interesting websites, save them and share them with others for free.

Multiply - Secure, family-friendly media sharing.

My Blog Log - If you've got a blog, see who's checking you out. You might have more in common than you think!

MySpace - Find friends, classmates, meet new people, listen to free music, build playlists, share photos, watch videos, etc.

NetLog - Netlog is a social portal for more than 60 million young people in Europe. 65% are aged 14 to 24 years old.
 
Nexo - Get a free custom websites for your groups.

Ning - Create and discover Ning Social Networks for your interests and passions.

Notify.me - Your content in real time.

Plime - Popular links.

Propeller - Social network.

Quizilla - Create original quizzes, stories, fanfic, lyrics, polls and surveys.

Scribd - Social publishing and reading site in the world. They've made it simple to share and discover information.

Searchles - Showcases expertise, enables collaboration with peers and captures it in searchable knowledge indexes.

Shoutwire - Internet news for the masses.

SlideShare - Upload and share powerpoint presentations and documents.

Squidoo - Popular (free) site for creating single webpages on your interests and recommendations.

StumbleUpon - Personalized recommendations to help you discover the best of the web.

Twitter - The best way to share and discover what is happening right now.

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