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Current News Stories

Facebook generation 'form flimsy friendships and are bored by reality' (Daily Mail)

The popularity of Facebook and other social networking websites could be creating a generation of children who find it difficult to form lasting friendships, doctors have warned.
Leaf Develops Peer-to-Peer App for Facebook (All About Jazz)

Leaf Networks has developed what it calls the first peer-to-peer application for Facebook.
Sex offender reports on Facebook 'rumours' (Hamilton Spectator)

Niagara police say information being spread on a popular website about a sexual predator preying on women in the honeymoon capital is not true. Police took the unusual move yesterday of commenting on what they described as rumours being circulated on Facebook.
Student left a tragic farewell message on Facebook before she was found hanged (Daily Telegraph)

A student with a history of bulimia and self-harm was found hanged an hour after leaving a haunting farewell message on Facebook, the social networking website, a coroner has heard.
Internal Facebook valuation points to strategic merit (Market Watch)

SAN FRANCISCO (MarketWatch) -- Court documents have revealed an internal valuation at Facebook Inc. far below the $15 billion cited publicly at the time of Microsoft Corp.'s investment in the popular social networking site, reflecting its immense strategic value in the eyes of the software giant.
Facebook Users Ready for 'Night of Mayhem' (ABC News)

Beach party canceled, but thousands of Facebook users declare plans to attend.
What is Facebook Worth? (Part 37) (New York Times)

There has been some speculation recently about what is being called an “internal Facebook” valuation – a value the company has assigned to its own common stock that is dramatically lower than the $15 billion valuation set so publicly last year by Microsoft’s investment.
Leaf Develops Peer-to-Peer App for Facebook (PC Magazine via Yahoo! News)

Leaf Networks has developed what it calls the first peer-to-peer application for Facebook, with another on the way.
Facebook seeks trusted relationships on the 'Net (InfoWorld via Yahoo! News)

While perhaps best known as a major social networking site in the Web 2.0 vein, Facebook is becoming a popular place to interface with potential customers, similar to what companies such as Scribe and iLike have done.
Microsoft's Facebook stake influenced ConnectU case (CNET via Yahoo! News)

SAN JOSE, Calif.--What is Facebook really worth?
Realists should make no apologies on MySpace (The Express-Times)

Lend me some perspective. Do you think it's rude to deny a MySpace or Facebook friend request from someone you may know but with whom you have no rapport?
Seven Charged After MySpace Video Posted (WDSU New Orleans)

NEW ORLEANS -- St. Charles parish investigators said an Internet video led to seven arrests. Police found the footage on MySpace showing off assault weapons and even threats against police.
Woman beaten after meeting man on MySpace 8:04 AM (WCNC Charlotte)

MONROE, N.C. -- Police say a woman was beaten, kidnapped and robbed by someone she met on the social networking site MySpace.com. Investigators say it’s an unfortunate case of stranger danger and is a lesson for people to be careful.
Woman Beaten After Meeting on Myspace (WBTV Charlotte)

Monroe police say two men used the Myspace website to lure a woman to town before robbing her. Late last month police say Sherry Poteat went from Gastonia to Monroe to meet one of the men. She told police she met him on Myspace.
MTS, MySpace Russia sign partnership deal (Digital Media Europe)

MTS and MySpace will develop an exclusive service for the subscribers of MTS Russia that will become part of MTS' WAP-portal.
MySpace death threat video leads to Destrehan arrests (New Orleans Times-Picayune)

A MySpace video that featured two men brandishing weapons and threatening to kill someone they believed was a police informant led to the arrest of seven Destrehan residents on a variety of charges, St. Charles Parish Sheriff Greg Champagne said Thursday.
Seven arrested after posting threatening video on MySpace (WWL-TV, Channel 4 New Orleans)

Sheriff’s deputies in St. Charles Parish will hold a mid-morning news conference to elaborate on the arrests of seven people, allegedly shown in a MySpace internet video, discussing plans to carry out a shooting, and also to shoot any police officers who tried to stop them.
Facebook and MySpace generation 'cannot form relationships' (Daily Telegraph)

A generation growing up with social networking websites such as Facebook and Myspace are unable to form lasting relationships and are at increased risk of behaving impulsively, an expert has warned.
MySpace Signs Russian Mobile Deal (Cellular-News.com)

Russia's MTS has inked a deal with MySpace to provide direct access to the mobile internet version of MySpace from MTS's own mobile homepage. In addition, the companies are planning to launch an MTS-branded community on MySpace Russia website to drive usage and support the partnership.
Rock the Vote, MySpace start competition (Reuters via Yahoo! News)

Rock the Vote and MySpace have struck a deal that combines grass-roots voter registration drives with music promotion and live events.