The panel on the stage right now at Web 2.0 consists of a number of teenagers and an analyst from Piper Jaffray, Safa Rashtchy. The interesting thing so far is that they ALL use MySpace, recently acquired by Fox Interactive Media. I didn’t get MySpace.com and still don’t, really, but since all of the kids up there mentioned that they spend a LOT of time on that site, I guess it was a good purchase for FIM.

The only college student on the panel did say that it’s not as important once you get to college, apparently because Facebook.com takes over. Just thought you’d want to know…

Update: I forgot to mention that one of the kids said he spends $50-60 a month on ringtones. On ringtones. Can you believe that?