Morgan Stanley’s latest Internet Trends report emphasizes social computing. It contains the interesting observation that seven of the top ten Web sites (ranked by Alexa) are social computing sites — YouTube, Live.com, Myspace, Facebook, Hi5, Wikipedia, and Orkut. Yahoo, Google and MSN round out the top ten. Of the social seven, only Myspace made the top ten list just three years ago. There’s lots more of interest in the report, which is available as a 72 page pdf presentation and can be viewed online via slideShare. Spotted on Techcrunch by Yang Yu.