No, Facebook didn’t create a search product to compete with Google, but a group of engineers from Facebook, as well as Twitter and Myspace, collaborated on a tool that they are calling Don’t Be Evil.

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President Barack Obama is less popular on Facebook than on the micro-blogging site Twitter, according to a new poll.

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Another one bites the dust: Former Facebook competitor and No. 3 social network hi5 was acquired by social discovery outfit Tagged Wednesday.

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Hey, did you hear? Google has a new social network!
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With everyone exaggerating Google Plus’ growth in the social media space, it’s about time for at least one good parody of the general pattern in technology business cycles.
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Facebook earned an estimated $1.86 billion from user-generated content in 2010, more than YouTube and all other social media sites combined made from it that year.
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Once a rival and competitor to Facebook, the downward spiral of Myspace is no longer the problem of News Corp., or its Chief Executive Offficer Mike Jones, following Wednesday’s announcement that the social network was acquired by digital media outfit Specific Media.

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MySpace may announce a buyer as soon as this week, if any of the rumors traveling across the blogosphere have any truth to them. Read the rest of this entry »

College Humor created an animated roast of Facebook with voiceovers by Penn Jillette, Gilbert Gottfried and Lisa Lampanelli.
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It’s hard not to wonder whether Friendster’s request that users back up their account information bodes something ill for the site’s future: What’s really going to happen when everything gets deleted at the end of next month?
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