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Here's an interesting description by D. Roberts about social media as a collection of knowledge assets that have to be organized, in order to achieve what he calls "Tangible Knowledge, the Holy grail of finance". Some highlights from my transcription below... (continue...)

A lifestream is an a record of your online activities that is generally created with RSS feeds from a variety of social media and networking services.

Lifestream.fm is a media and social aggregator that will keep you and your friends informed about what you're doing online at a glance and in realtime.

What does "real-time web" actually means? Basically, getting all the informations you're looking for at the very moment they're are produced, from your sources of choice. (continue...)