6 Ways to Shop With Social Media

Purchase sets up battle with Twitter for real-time search market

(NEWSER) - Facebook is buying fellow social networking site FriendFeed for nearly $50 million, the Wall Street Journal reports. Friendfeed, a 12-employee outfit founded by former Google engineers, allowed users to share information across multiple social media services but never took off beyond a core techie user base. The purchase may help Facebook in its battle with Twitter, which it failed to buy last year and which is outpacing Facebook in the lucrative area of real-time search. More»

Guess what? A lot of them should be followed by the general public

(NEWSER) - The US Army has some rules for social media use—but even if you’re not a soldier, you might do well to adhere to some of those rules. From the Atlantic Wire :

• On Facebook: DO “spell check every post prior to posting; the Army’s reputation is at stake.”
• On Facebook: DON’T “use social media (teen) language in professional posts (ex: i wanna b ur bff 2day & 4evr)."

Social network valuations head to the sky

(NEWSER) - Facebook and Google are among the companies circling Twitter and considering a colossal buyout deal, insiders tell the Wall Street Journal . The talks haven't gone anywhere yet, but the price under discussion is somewhere between $8 billion and $10 billion—roughly 100 times the amount of revenue Twitter, which lost money last year as it invested in expansion, expects to earn this year. More»

'Appeasement' measure dumps 5-year shut-down

(NEWSER) - Syrian authorities are lifting a 5-year-old ban on Facebook, YouTube and other Internet sites in a move seen as an attempt to appease the public and stave off the kind unrest rocking Egypt. The country's state-owned ISP is in the process of unblocking sites including Twitter and Blogspot, although Wikipedia is still blocked, the Next Web reports. More»

Users only spend 8.3% of their Internet time on email

(NEWSER) - Social networking websites continue to dominate an increasing portion of the time we spend online, new Nielsen data says. Users are spending 23% of their time on the Internet using sites like Facebook and MySpace, and just 8.3% on email. Only last year, the split was much more even: users spent 15.8% of their time on social sites and 11.5% on email, Technologizer reports. More»