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Washington Post
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Nov 30, 07 6:36 AM CST
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Facebook has watered down its unpopular Beacon ad platform, which "shared" information about users' online shopping habits with everyone in their Facebook network—without their permission. Now, instead of making users opt out every time they make a purchase if they don't want it to be broadcast, Facebook will only broadcast the transaction if user click "ok."
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Wall Street Journal
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Nov 29, 07 10:49 PM CST
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The super-rich are joining the social networking craze, but they're certainly not going to mix with the masses on MySpace. Exclusive sites for millionaires using the same membership criteria as snooty country clubs are appearing on the Web, reports the Wall Street Journal . Invitation-only site aSmallWorld.net has proven popular—some say too popular.
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BusinessWeek
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Nov 29, 07 7:54 AM CST
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Facebook execs are pondering changes to the unpopular Beacon advertising platform after massively negative feedback, reports Business Week, and an announcement on "evolving" it could come as soon as today. Users are threatening mutiny over the tool, less than a month old, that tells their friends all about their purchases from other sites—a service many view as an invasion of privacy.
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Reuters
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Nov 28, 07 10:26 AM CST
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Newspapers readers at an increasing pace are turning to Pluck, a media syndication company, to link their sites to social networks, like MySpace and Facebook, giving them access to 165 million users, Reuters reports. Pluck will use the Facebook programming interface and Google's OpenSocial system to share information between its customer's sites and the most prominent social nets.
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InformationWeek
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Nov 27, 07 10:05 AM CST
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Aggressive new advertising tactics make Facebook look more evil by the day, but don’t worry, InformationWeek columnist Cory Doctorow writes, because it’s doomed anyway. Sure social networks are “pure crack” for some, but sooner or later everyone gets friended by someone they’d rather avoid, and eventually that awkwardness is too much to bear.
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02138
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Nov 27, 07 8:59 AM CST
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Three former Harvard students who are suing Facebook founder Mark Zuckerberg for stealing their idea are finally about to get their day in court, reports the indy Harvard alumni magazine 02138 . Forensic data experts are searching Zuckerberg’s computer hard drives, searching for source code, which the company claims is lost, that would confirm or deny intellectual property theft.
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CNET
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Nov 21, 07 11:45 AM CST
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Facebook jumped to the defense of its new social advertising program yesterday, under attack by a MoveOn campaign. MoveOn calls the program a “massive privacy breach,” but Facebook says that misrepresents Beacon, which does not make information "public." "Information is shared with a small selection of a user's trusted network of friends, not publicly on the Web or with all Facebook users," the company said.
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Fortune Magazine
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Nov 14, 07 2:10 PM CST
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A media player publicly released today organizes Internet video programs and translates their feeds, centralizing your online viewing experience. Miro handily “solves a problem you didn’t know you had,” says Fortune ’s Josh Quittner. Not only can you subscribe to channels or programs from any video portal—YouTube, Blip.tv, Revver—but Miro can cope with HD feeds and join difficult BitTorrent streams.
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MarketWatch
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Nov 14, 07 12:26 PM CST
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Venture capitalist Lee Lorenzen is so enamored of Facebook that he started an investment fund just to finance developers creating applications for the social network site. Not only is Lorenzen investing in a month-and-a-half-old industry, last month at a conference he said Facebook might be worth $100 billion, more than six times the $15 billion valuation that came with Microsoft's purchase of a 1.6% stake.
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CNET
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Nov 5, 07 4:43 PM CST
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MySpace is entering the second phase of its "HyperTargeting" advertising program, meant to use data from member profiles to match up users with the perfect online ads. But CNET blogger Caroline McCarthy became skeptical of how dead-on the targeting is when her profile offered her "a Christian dating service, acne medication, and diet pills."
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Wall Street Journal
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Nov 3, 07 1:00 PM CDT
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Facebook has matured from an e-frat house where co-eds post pics of their hedonistic exploits to a cyber-cocktail party where the well-heeled gather to display baby pictures and taunt each other like, well, school kids. “I am so telling Rupert,” a columnist teases the Journal’s Matthew Rose, after discovering Mr. Murdoch’s future employee playing Scrabble on the site.
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Fortune Magazine
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Nov 2, 07 4:49 PM CDT
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The day after MySpace announced it was joining a Google-led alliance meant to let applications written for one social networking site be used on others, it looks like lone outsider Facebook could join up, too. That's according to Fortune Magazine , which reported that Facebook and Google representatives met yesterday and that a board member said Facebook is open to the OpenSocial standard.
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CNET
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Nov 1, 07 3:04 PM CDT
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Tech bloggers are buzzing about a rumored partnership between MySpace and Google’s about-to-be-launched OpenSocial project; a big reveal may come as soon as today. Though it still leads Facebook in membership and traffic, the social networker has lost much of its spotlight recently—and CNet’s Caroline McCarthy says the deal is likely a good move for MySpace owner News Corp.
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