Explained in simple terms. What is the difference between Social Networking and Social Bookmarking?

Social Networking
A social networking site allows you to identify your contacts and establish a link between you and each of your contacts.

Social Bookmarking

The practice of sharing and bringing links to content that you find of value to the attention of others. Sites such as Digg, Facebook and Orkut are popular variations of this type of link sharing.

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