Baidu moving into Social Networking?

Baidu (BIDU) did it's normal thing last night in earnings, and with Google (GOOG) effectively neutered in China has little to fear in the near to intermediate term in the Chinese search engine space. 

However, with the global buzz about social networking now reaching the same fever pitch we heard in the late 90s during the original internet revolution, Baidu waved a green flag to investors saying "we're gonna be a social networking company too!" 

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