As you see, we're treated to a Tourette-like stream of everything related to the Internet, including some words that he clearly doesn't understand (will.i.am's humbling knowledge of podcasts consists of listing it alongside Wi-Fi and moving on to the next verse). He also says "blasting out an SMS" before solemnly promising "text me and I text you back," which seems to indicate that he is not aware that SMS and text messaging are the same thing.
Then, the Peas toss out a blazingly topical reference to those PC and Mac commercials with Justin Long and John Hodgman, which you may recognize as already being three years old by the time the song was released. This leads triumphantly into the lyric "Myspace in your space, Facebook is a new place," which was inexplicably written in the year 2009. Facebook was not "new" by any means -- Mark Zuckerberg had already teamed up with Justin Timberlake and taken over the social networking universe, and Myspace was that place you went to listen to Jason Mraz remixes posted by some lunatic in Connecticut and get made fun of for not being on Facebook yet.
Here he is, ironically, singing "Fuck Your Pussy Myspace Page."
The Peas were clearly attempting to write a big, epic anthem for the digital generation, but they just came across sounding like middle-aged parents trying to relate to their teenagers. Can you picture your mom bragging that she's "all about that h-t-t-p"? Of course you can't, because not even she is that lame.