Google, Yahoo, and News Corp's MySpace announced on Tuesday that they have formed the OpenSocial Foundation, a nonprofit group to support the OpenSocial initiative that Google kickstarted last year to promote a universal standard for developer applications on social networking sites.
The new Australian chief executive of Friendster has outlined plans to generate revenue for the struggling social networking site through advertising and by introducing a form of digital currency for users to trade.
The CEO of social application developer TheBroth.com says he has yet to see interoperability advantages from OpenSocial, Google's common API for social networking applications.
With its multibillion-dollar Yahoo merger bid yanked from the table, the Microsoft chairman said at a Tokyo press conference on Wednesday that the software giant has no immediate plans to jump on another deal.
The majority of people looking to work for Web 2.0 startup companies are prepared to sacrifice pay in exchange for shares in the venture they're joining.
Some dubbed last year's Federal poll "the Internet election", but research shows the net still has far to go in shaping the fortunes of our parliament.
It's official: Microsoft will take a US$240 million equity stake in Facebook during its next round of financing, valuing the company at a whopping US$15 billion.
Apple co-founder and chief executive Steve Jobs has topped a list of the 25 most powerful business people in the world.
Political parties are expected to use the Internet to blast home their final election messages, as the Web is immune to ACMA's pre-election propaganda ban.
New numbers from metrics firm ComScore show that in May, Facebook appears to have surpassed MySpace in worldwide unique visitors for the first time.
MySpace has announced a new initiative called Data Availability, a way for members to share profile data with other social and community sites across the Web.
Facebook has suspended the "Top Friends" application after a Canadian computer technician discovered it allowed anyone to peep through normally inaccessible parts of Facebook accounts.
A month after Rupert Murdoch said News Corp is too small to compete for Yahoo, the media giant is teaming up with Microsoft in a joint take over bid for Yahoo, which would see MySpace brought into the mix.
E-mail security company MessageLabs has warned that spammers are already modifying their tactics when it comes to the emerging trend of using audio rather than text attachments in unsolicited mail.
Security researcher Roger Thompson has found a new way to link to malicious servers that doesn't involve iframes (inline frames). This time, popular MySpace artist sites are the target.
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