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12:55 October 31st, 2007

Keep an eye on: Google vs. Facebook

Posted by: Kenneth Li
Tags: Mediafile

Google is moving in on the hot social network’s territory, after being rebuffed by Facebook.

Google will offer software developers a system to create applications across the Internet, hoping to thwart Facebook’s goal to create the “operating system” for social networking.

The OpenSocial system eliminates the need for startups to customize their programs for each site, and follows a similar move by MySpace.

One quick thought: Anyone making money on this yet?

(Reuters)

Keep an eye on:

  • NBC, GE joint venture invests in mobile text message advertising company 4INFO. (Business Wire)
  • IAC/InterActiveCorp profit falls, but HSN revenue rises. So does its share price. (Reuters)
  • IPG buys brand marketing firm Translation Consulting + Brand Imaging. (Reuters)
  • Google could be a tough sell to U.S. wireless carriers. (Reuters)

One comment so far

Ken - “Anyone making money on this yet?” - the first social network I was part of involved gathering in a pub. I’m sure the publican was making money even if the network was only spending. I think I’d rather ‘host’ a social network than ‘be’ a social network. That seems to be the key to Facebook declaration - effectively “we want to be all social networks”, so Google’s OpenSocial system does sound like a pretty smart move.

- Posted by Nic Fulton

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