System and method for dynamically expanding conferencing capabilities and facilitating on demand transactions within social network environments

A method operational by a session host device, comprising:

• hosting an online session including a plurality of participant devices over a network, each participant device identified by a participant account and/or a unique device identifier;
• receiving a request from a first device to be added to the online session, the first device associated with a first participant account and a first unique device identifier;
• receiving a request from a second device to be added to the online session, the second device associated with a second participant account and a second unique device identifier;
• and
• transmitting and receiving individual streams of session content to/from each participant device, including the first device and the second device;
• recording different types of session content separately but synchronized in time, wherein the different types of session content include at least two of audio, video, text, and graphic content;
• and
• sharing a document with a subset of other participant devices, wherein each of the other participant devices is able to independently review different portions of the shared document without affecting the other participant devices;
• and
• tracking, at the session host device, which part of the document each of the other participant devices is viewing.