friendsourcing
pp. Gathering information, recommendations, and other feedback from a trusted group of online peers. Also: friend-sourcing, friend sourcing.
friendsource v.
friendsourcer n.

Example Citations:
Chorus, which is free, allows you to see which apps that your friends have downloaded and rated highly. It then uses algorithms to make recommendations based on those preferences. The idea, Mr. Jha said, is that app suggestions aren't too far off from film or restaurant recommendations — people want informal endorsements from people they trust have good taste.
—Jenna Wortham, "Friendsourcing the Quest for iPhone Apps," The New York Times, November 3, 2009

Jeff Howe has promoted the term crowdsourcing, which emphasize the potential of internet communities in developing knowledge. Friendsourcing in some way can be seen as opposition to crowdsourcing. Friendsourcing is based on the potential of relatively small networks of friends, which have similar interests and common professions. There is no wisdom of the crowd, but wisdom of a carefully collected network of people, which becomes a high quality source of information.
—Marcin Wilkowski, "Friendsourcing on Twitter (for academic purposes)," Historia i Media, September 30, 2009

Earliest Citation:
The other night, I said to Jeff, "I wish I could share my googling with my Twitter list, so they'd know what I'm trying to accomplish, and they could jump in." That's friendsourcing. And when I need help, I am looking more and more to a blend of humans and machines. True cyborgs.
—Chris Brogan, "Friendsourcing and FriendHelp," ChrisBrogan.com, February 11, 2007

Notes:
The following excerpt is from the CV of web developer Michael Bernstein, a document that, according to the Google, is dated October 21, 2006 (which would, if true, make it the earliest citation):

With Professors David Karger and Rob Miller, I am exploring novel social computing applications. I study social gestures that friends make in existing social situations and translate these insights into designs for new "friendsourced" applications.
—Michael Bernstein, CV, October 21, 2006

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