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Twitter Is Just a Fad

Social networking site has no long-term viability: Friedman

(Newser) - Jon Friedman doesn’t really like Twitter, he writes for MarketWatch. He thinks the 140-character cap keeps Tweets superficial—which is why Ashton Kutcher loves it. It proved useful for Iranian protesters, but for those of us in relatively stable countries, Friedman agrees with blogger Jon Taplin: "Twitter has... More »

Facebook Wants Your Friendship and Your Money

Site rolls out payment system aimed at getting profit from apps

(Newser) - Facebook is breaking an age-old business rule: Never do business with friends. In a bid to achieve profitability, the social-networking site is testing an internal payments system that allows its 300 million users to purchase credits redeemable for virtual goods, from Facebook itself or third-party applications. “Over time, this... More »

Facebook's Vision Nets 100 Million Users

'Carefully groomed' site beats 'the chaos that is MySpace,' may mean $

(Newser) - Facebook has just crossed the 100-million-user plateau, and it’s more notable than when MySpace achieved the feat 2 years ago, Stan Schroeder writes on Mashable. First of all, Facebook says it counts only active users, unlike its rival. But more importantly, Facebook has a vision of how to cater... More »

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