The social networking capital of the world is now the Philippines. This is according to 24/7 Wall Street that was circulating on the net since second week of May this year. The Philippines after being coined as “the texting capital of the world”, is now “ the social networking capital of the world ”, now we have a new title. Filipinos, what do you think about this? Let’s define social networking . What is social networking? According to wiktionary.org, social networking is the interaction between a group of people who share a common interest; Using social contacts to network; Using internet's network groups (such as Facebook and Twitter) to network and communicate between consumers and businesses.