It has been just a few years since the birth of the internet based social media but it is a rage all over the world. Facebook provided the platform for people to connect with each other and has been an unparalleled success. However, history has taught us that “all business models are replaced with new ones”. There would yet be so many underlying needs of people which have not yet been addressed and that are where the root of the new concept lies. For one thing is for sure that social media is here to stay and would evolve by leaps and bounds to transform the way we communicate, interact, plan, do business , play, gain information, share emotions, buy, collect groups, achieve results and do a host of other things.