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ChristianKl comments on Will Darkcoin Have Thiel's Last Mover Advantage - Less Wrong
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I don't think that's a good description of why things played out the way they did. Friendster also died.
On the other hand Xing is still strong in the face of LinkedIn.
I probably should have emphasized the "partly". Of course, other factors also played a role in its demise, but they did try to gain footing in other European countries rather late.
Concerning Xing: Yes, you're right, this went very differently. It would be interesting to compare the LinkedIn/Xing and Facebook/StudiVZ situations to find out the differences and commonalities, but to do so in detail is beyond the scope of a comment, I think.