Internet, Social Networking | featured news

AOL is near a deal to sell the Bebo social-networking site to Criterion Capital Partners for a fraction of the price it paid two years ago to buy it.

One minute you're chatting via webcam with a mom of two from Montauk, N.Y. -- and the next you're staring at a stark-naked man in Bangkok. Such is virtual life on Chatroulette, an "extreme social networking" Web site that connects users with a limitless number of "random strangers" from around the globe.

If you're a frequent Twitter user, you've probably noticed that the microblogging site has been crashing repeatedly this week.

Rose went on to give a pretty detailed overview of his experiences so far . The role seems to be taking its toll, the words “nightmare” and “stressed” cropped up a couple of times but he does also say it “feels really good.”

Yahoo Inc.'s latest facelift will include a Facebook touchup. As part of changes rolling out this week, Yahoo will import personal updates from Facebook's social network for users who want a bridge between two of the world's most popular websites. The Facebook link will need to be turned on by each Yahoo user.

Company's answer to Facebook-style sharing will link it's e-mail users through address books.

A Pakistani court on Monday lifted a ban on social networking website Facebook which had carried a competition to draw the Prophet Mohammad, but access to any "blasphemous" material will remain blocked, officials said.

Facebook founder Mark Zuckerberg went in front of the world's media this morning and grudgingly announced roll backs on some of the biggest and most controversial changes to the site's privacy settings made since December. The default setting for most content published on Facebook has not changed. It remains public, unlike the private nature of the site when hundreds of millions of people signed up, but control over a few key settings are now being shifted back into the hands of users.

Facebook CEO Mark Zuckerberg said the social network is planning new privacy controls that are simpler to use and will allow users to turn off all third-party services.

MySpace has launched a new initiative to invite social game developers like Playdom, Zynga