Social Media | featured news

After a wave of protests from its users, Facebook said it would withdraw changes to its so-called terms of service concerning the data supplied by its users.

Biz Stone just announced on the official Twitter blog that Twitter closed a round of funding last night with Benchmark and Institutional Venture Partners. Stone says the company was not actively looking for additional funding but was impressed by both of the VCs (and presumably impressived by very favorable terms, as well).

The micro-messaging service Twitter became popular in part due to the thousands of different ways to post and view Tweets…but what are the most popular ways to share your Tweets with the world?

Watch out Google and Facebook. Twitter has no revenue and no business model, but it could soon be highly disruptive.

Man divorces wife on Facebook without telling her.

There are over 150 million users but the economic crisis is taking and effect on Facebook. The source of all its revenue is from web ads, which and with the global financial crisis web advertising has been hit hard. Because of this "it's not wildly profitable even if it is profitable at all."

Social media today is a pure mess: it has become a collection of countless features, tools, and applications fighting for a piece of the pie. Social media, in essence, is bumping up against its own ceiling, no longer able to serve the needs of those living within its walls; and for these reasons, social media as we know it is changing course.

Entries on the internet encyclopedia Wikipedia may have to be pre-approved after it wrongly claimed that Senator Edward Kennedy had died. The user-generated site, in which members of the public are encouraged to provide the entries, is to review the rules governing contributions. It could lead to entries being centrally approved before being published, which would constitute a radical overhaul of the site's operations.

Bank of America has created an account on Twitter, the popular microblogging site, to interact with customers.

A British man who murdered his wife after becoming enraged when she changed her relationship status on Facebook to "single" was jailed for at least 18 years late Thursday.