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New VC Fund Wants Only Facebook Apps
New VC Fund Wants
Only Facebook Apps

New VC Fund Wants Only Facebook Apps

Investor puts exclusive attention on site he thinks is worth $100B

(Newser) - 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...

Imagining a Facebook Search Engine to Rival Google

Is 'social search' worth banking on?

(Newser) - With a new option allowing users to search for advertising pages, Facebook has crept another step closer to a search engine. Will the social networking site take the ultimate plunge in its battle against Google and roll out a full-fledged search engine? VentureBeat's Doug Sherret explores how this engine would...

Ads Could Spark Privacy Lawsuits by Facebook Users

Using member's images without consent could violate laws

(Newser) - Facebook's new cutting-edge ads which cherry-pick the names and faces of members who use featured products may violate privacy laws. The ads attach photos and identities of members to products they've purchased or endorsed, but without explicitly obtaining members' consent, reports the New York Times. That could open Facebook to...

Facebook Ad Plans Raise Privacy Issues

Seems employees can troll, control, and fiddle with personal data

(Newser) - As the advertising industry prepares to harness the personal data of 50 million Facebook users, new privacy concerns are whipping through cyberspace. Valleywag reveals that Facebook employees not only have access to users' profiles and inboxes, but can alter them. And they do—frequently enough that management had to tell...

Targeted Ads Come to Facebook
Targeted Ads Come to Facebook

Targeted Ads Come to Facebook

Info to stay private; plan unveiled day after MySpace does same

(Newser) - Facebook creator Mark Zuckerberg unveiled a new ad-selling strategy today that will allow companies to create their own pages on the social networking site and zero in on customers based on their profiles. Users can sign up with advertisers they like and share information about them in their network. Advertisers...

'Old Farts' Invade Facebook
'Old Farts' Invade Facebook

'Old Farts' Invade Facebook

Journal's Matthew Rose experiences mid-life crisis in cyberspace

(Newser) - 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,...

Facebook to Join Google's 'OpenSocial' Alliance?

Site might be ready to give up its proprietary approach for new standard

(Newser) - 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...

Google Out to Smite Facebook Software Platform

'OpenSocial' to lure software developers away from Facebook

(Newser) - Google couldn't buy a piece of Facebook, so it's going after the social networking site's software platform instead. Tomorrow a Google-led alliance will  introduce a common platform for software developers to write programs for Google's social site, Orkut, along with LinkedIn, hi5, Friendster, Plaxo, Ning and others. The hope is...

Meebo Joins Facebook as Platform
Meebo Joins Facebook as Platform

Meebo Joins Facebook as Platform

Instant messenger site allows outside developers to create new applications

(Newser) - Meebo, an instant-messenger startup, is following in the footsteps of Facebook by allowing certain hand-selected developers to create new widgets for its pages. Unlike Facebook, however, it plans to lure developers by offering them half the revenue gained from the features they create and will sell the ads itself, instead...

Google to Blow Minds With Facebook Rival ‘Maka-Maka’

Upcoming rollout could revolutionize social networking

(Newser) - Google is set to launch its hush-hush rival to Facebook next month. Code-named “Maka-Maka,” the watershed social networking service will introduce a completely open source platform and a slew of new applications. Details are scarce, but the vision is a social layer that combines all of Google’s...

Don't Let Facebook De-Face You
Don't Let Facebook De-Face You

Don't Let Facebook De-Face You

Protect your offline reputation on social networking sites with these six steps

(Newser) - Social-networking sites make it easier to connect with friends and make new ones, but they also let casual acquaintances  like co-workers—or your boss—look you up on a whim.  Protect your privacy with these six steps from MarketWatch:
  1. Look for tools that allow you to restrict access to
...

Colbert Nation Rules Facebook
Colbert Nation Rules Facebook

Colbert Nation Rules Facebook

Fictional presidential campaign rocks online fans

(Newser) - The Facebook group "1,000,000 Strong for Stephen T. Colbert" reached a million members in just over a week, making the organization devoted to the comedian's phony presidential campaign the fastest-growing political group in the four-year history of the social networking site. 

Will Costly Options Hurt Facebook?
Will Costly Options Hurt Facebook?

Will Costly Options Hurt Facebook?

High valuation from MS could slow recruiting in Silicon Valley

(Newser) - Microsoft's recently purchased stake in Facebook may make it harder for the social networking site to hire talented employees, reports the Wall Street Journal. By selling a 1.6% stake for $240 million, Facebook increased its valuation to $15 billion, in turn radically increasing the cost of stock options, which...

Facebook Seeks Hedge Fund Cash After Microsoft Deal

Social networking site now valued at $15B

(Newser) - After raising $240 million from Microsoft, the social networking site Facebook expects to raise a further $260 million from hedge funds and private-equity investors, according to the Wall Street Journal. The cash will be used to fund an international expansion and a new ad revenue system. The investment would put...

Microsoft Deal Overshadows Google's Analyst Day

Facebook deal dominates conversation, irritates execs

(Newser) - Google made some noteworthy announcements at its Google Analyst Day yesterday, but they were overshadowed by Microsoft's announcement earlier in the day that it was acquiring a $240 million stake in Facebook, a prize for which the two companies had reportedly engaged in a heated bidding war. Among Google's news:...

Microsoft Beats Out Google for Facebook Deal

Company will handle international ad sales, invest $240 million

(Newser) - Microsoft has beaten out Google for the hand of fair Facebook. The much-anticipated decision was announced today: Microsoft will handle Facebook's international ad sales (it already handles US sales) and invest $240 million for a 1.6% stake in the networking site. "We are pleased to take our Microsoft...

Facebook Closes in on Combo Ad, Investment Deal

Company's partner choice will be either Microsoft or Google

(Newser) - Google and MIcrosoft are both pushing hard to land a deal to sell international ads for Facebook, and the networking site could announce a decision as early as today. Whichever company is chosen will also buy a minority stake in the startup. Top Google and Microsoft execs are traveling to...

Cable, Telcos Killing US Web Success Says Pundit

Sees broadband providers' Luddite attitudes stifling growth, innovation

(Newser) - Comcast’s recent disabling of big file uploads could lay waste to Silicon Valley’s media complex, says SiliconValleyWatcher’s Tom Foremski, injuring or killing Web 2.0 companies like YouTube or Facebook. Comcast's insistence that it isn’t contractually obligated to provide those companies’ services, he argues, is the...

Facebook May Announce Deal Results Tuesday

Social-network firm has scheduled a sudden all-hands meeting

(Newser) - The result of the bidding war between tech giants Microsoft, Google and Yahoo as to who will own a large investment stake in the social networking site Facebook is still not clear, but an answer may be forthcoming: an all-hands meeting for the young company has been called for Tuesday,...

Google Ads Backfire on Social Site in Brazil

Ads placed near offensive material set off controversy

(Newser) - Google's attempts to capitalize on its Orkut social networking site in Brazil blew up when ads began appearing next to child pornography and racist screeds, causing a round of controversy and a lawsuit for the online giant. Google immediately yanked the ads, reports the Wall Street Journal,  but now...

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