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Were Facebook to go "pro"- that is, to allow for a resume-style professional view of the profile, allow for users to determine for each friend whether they can toggle between pro and personal, see pro only, or see personal only-, which I would recommend, it could experience a new growth curve as well. (It could also experience a great revenue opportunity in the talent and jobs market.)
I network online primarily for professional (social, but professional) reasons. My LinkedIn network is bigger, true, but my Facebook network is more committed- interacting vs. simply adding connections. I also care more what my Facebook crew is up to.
Most people I interview (in my job) feel Facebook has more social value- and let's not underestimate the value of "social" in a social (even a professionally based social) network.
My day to day on LinkedIn has more to do with accepting and reviewing requests to connect. But there are a lot of people in the world, and theoretically, that network activity could go on for a very long time...
I think we will see it even out- LinkedIn at 30-40 Million users end of year, and then 2 years from now, both networks at about the same size (say each at about 100 Million).
I also imagine LinkedIn will eventually replace the resume... it has for me.