Social networks are attractive in business because, like TV, they have a captive audience. A captive audience about who a lot is known. Age, gender, location, hobbies, interests, sexual preference, musical preference, favourite TV shows, films, books; you name it.
So what do Faceparty do when faced with a bit of legislation? They cull hundreds of accounts. This is their intellectual property, for Pete’s sake. It’s suicide! Seriously, folks, how much would it really cost to put in some kind of system to verify age? If you really needed to do it why haven’t Facebook, Orkut, MySpace et al done it yet? Answer: because they’re not as thick as two short planks, that’s why!