Death of social networking?

Lately I have found that there are more and more issues with social networking sites.Here is a list of current issues and possible future problems that I have heard of.

• There are more and more scams appearing on the sites, the latest I saw was the Facebook Tesco scam which looked like a valid offer because a friend had put a link for it. I can see that there will be more elaborate scams in the future.
• You have to be very careful on who is your friend, there a lot of fake accounts with people who say they know you just to get more information on you.
• Insurance companies are looking at social networking and what information you put on them, like if you say you are going out and you get burgled they will not payout.
• A lot of people are getting a bit tired of it and it is no longer innovative and needs something new. Once everyone was using friends reunited, but these things are fads and become less and less popular.

There are of course reasons why social networking is here to stay, but people get bored and there has to be constant innovation to keep people interested, without this people will move onto other sites and trends. Is it possible that in a few years time people will have had enough of social networking and will be interested in something else. I can see some sites like Linked In continuing because it is a place to advertise your work, it could be Facebook and Twitter also go down this avenue and include a way recruitment agencies can use their sites. I think the next couple of years will be an interesting time, with existing sites looking for innovation and new sites and new ideas appearing.