Today Apple introduced a new social music network through iTunes 10 and named it Ping. Looking like a Facebook style social networking, Ping will work on iTunes, iPod touch, and iPhone. It is not clear if it will be available as a general webpage.
Jobs told that Apple had sold 11.7 billion songs, 450 million TV episodes, 100 million movies, 35 million books, and the store now features 160 million accounts. It sure does make sense on starting a social networking. But I would have been happier if it were a part of Facebook.
Regarding the privacy Jobs pointed out that Ping’s privacy settings are "super simple." iTunes 10 is not available for download yet.