Internet, Social Networking | featured news

LivingSocial is in active talks with investors to raise around $400 million to $500 million to help fuel its expansion and keep up with rival Groupon.

Facebook will soon start testing a service to provide local discounts to its more than 500 million members, a move that will thrust the social network into direct competition with Groupon.

Twitter Co-Founder Biz Stone will become a "social impact" strategic adviser for AOL, as part of its broader integration with online news site the Huffington Post. He will stay at Twitter.

Cuba's Maximum Leader is also on top in cyberspace. Twitter account that tweets excerpts from former President Fidel Castro's frequent musings on world affairs has passed 100,000 followers - which the government says makes it the first official Cuban-themed Twitter account to break that threshold.

Last week, in our weekly report on the insanely hot Facebook stock trading going on behind the scenes on SecondMarket, I wrote the following: "Do I hear $75 billion next week?" I was sort of kidding.

The Courtney Love Twitter-libel saga has finally come to an end — an ending with six figures. According to the AP, Love will pay $430,000 to settle a libel lawsuit brought against her by designer Dawn Simorangkir, a.k.a. “the Boudoir Queen.”

We used to measure popularity in sales, but with the Facebook generation slowly taking over, it seems that “likes” are just as significant as dollars these days.

Say goodbye to the Share button because the Like button is taking over.

In this age of advanced technology if you really want to do anything good in your internet marketing career you need to optimize social media keeping in mind your business requirements.