Keep an eye on: Facebook

November 30, 2007

Another day, another wave of news about Facebook, everybody most watched media upstart — if it’s still fair to call it that. The social networking site has scaled back a Web monitoring feature that notifies one’s friends when the Facebook user visits affiliated Web sites, after being confronted with mounting privacy protests.

Also it appears the company has another investor to go along with Microsoft: Hong Kong tycoon Li Ka-shing , chairman of Cheung Kong and Ports-to-telecoms conglomerate Hutchison Whampoa, who may be pouring $60 million into Facebook, perhaps through another one of his investment entities, according to Kara Swisher at All Things Digital. A Facebook representative was not immediately reachable.

Finally, guess who else is on Facebook, along with, perhaps, you and your college-aged kid? Your company CEO , particularly if he or she runs a media company.

(All Things Digital)

Keep an eye on:

  • Sony PlayStation 3 outsold Nintendo Wii game console in Japan in November for the first time, raising the prospect that Sony might regain its dominance in the global videogame market. (Reuters)
  • Labor negotiators for the major Hollywood studios presented striking screenwriters with a new set of proposed pay formulas for digital media, but the writers’ union rebuffed the offer as far too stingy. (Reuters)
  • As the Hollywood writers strike stretches into its fifth week, entertainment companies are wrestling with the dilemma of whether to go ahead with their annual holiday parties. (Hollywood Reporter)

(Photo: Reuters / Li Ka-shing)

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