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Potential suitors lining up for MySpace

News Corp. has tapped Allen & Co. to field buyout interest for MySpace and has heard from about 50 parties, people familiar with the process told Reuters Friday.

The global media conglomerate is considering a handful of options for MySpace, the once-hot Internet social network that has fallen far behind faster moving rival Facebook. Get the full story »

Last batch of Internet addresses doled out

The Internet finally has run out of addresses — sort of.

The organization that oversees Internet protocol addresses — numbers that help direct online traffic — doled out the last remaining batches of numbers under the current addressing system on Thursday. Internet experts hailed the event as a milestone in the evolution of the Web, one that will eventually require changes on the part of some companies and users. But it didn’t come as a surprise. Get the full story »

Kenneth Cole missteps with Egypt tweet

Designer Kenneth Cole. (Reuters)

Fashion house Kenneth Cole Productions became the target of the Internet’s collective wrath after the company’s namesake chairman tweeted a promotion that joked about this week’s escalating protests in Egypt.

The controversy began after the official Kenneth Cole company twitter account posted the tweet at around 10:30 a.m. ET, Thursday: “Millions are in uproar in #Cairo. Rumor is they heard our new spring collection is now available online… -KC.“ The post included a link to the company’s online store. Get the full story »

Groupon gets Super Bowl ad spot

From Crain’s Chicago Business | Groupon has secured a spot during the Super Bowl to air a commercial being created by Christopher Guest. Earlier, the company thought it would only have access to pre-game and post-game commercials. Get the full story>>

U.S. seizes sites that stream live sporting events

Days before the Super Bowl, government authorities in New York seized several streaming Web sites that they accused of illegally showing live and pay-per-view sports events.

Content on web sites such as Rojadirecta.org, Channelsurfing.net and ATDHE.net was replaced by a note saying that the domain names were seized by Immigrations and Customs Enforcement through seizure warrants obtained by the U.S. Attorney’s office for the Southern District of New York.

None of the three popular sites, which feature live sports and other programming, are hosted in the U.S. Ten sites total were seized Monday, including HQ-Streams.com, HQ-Streams.net, Firstrow.net, Ilemi.com, Iilemi.com, Iilemii.com and Rojadirecta.com.

Survey: Behavior not safe at Wi-Fi hotspots

U.S. consumers love Wi-Fi access but don’t always have safe habits when they visit hotspots, according to a new survey by industry group Wi-Fi Alliance.

The survey polled 1,054 Americans over the age of 18 through online interviews. The results showed that 32 percent of respondents had tried to get on a Wi-Fi network that wasn’t their own during the last 12 months, up from 18 percent in December 2008. When asked whether sharing a Wi-Fi network password or a house key required more trust, 40 percent of survey participants chose the former. Get the full story »

Free Facebook access on flights in February

From PC Magazine | This month, a cross-country flight won’t be a reason to temporarily suspend a poke war. Seven airlines will offer free access to Facebook via their Wi-Fi networks for the month of February.

The no-cost service will be available through a partnership between Gogo Inflight Internet and Ford, and will be offered on North American flights of Virgin America, AirTran, US Airways, American Airlines, Delta, United Airlines, and Alaska Airlines, Gogo said in a blog post. Get the full story>>

Conn. won’t seek data in Google privacy probe

Connecticut’s attorney general said Friday that Google Inc.  won’t have to hand over user data it collected from unsecured wireless networks as part of his office’s probe of the Internet giant’s privacy snafu.

Atty. Gen. George Jepsen said his office reached a deal with the Internet company that allows him to begin settlement negotiations over whether Google violated state law. Get the full story »

FCC asks court to dismiss net neutrality suits

The Federal Communications Commission filed Friday to dismiss challenges to its new Internet traffic rules, an agency official said. Get the full story »

Taco Bell fights beef suit in ads, on YouTube

Taco Bell said Friday that it has launched a nationwide advertising campaign to tell customers what’s in the seasoned beef it puts in its tacos, burritos and other fare.

The campaign is in direct response to media coverage of a suit filed last week by an Alabama law firm. The suit claims Taco Bell is incorrectly using the word “beef” to promote its products because the taco mixture doesn’t contain enough of it to use that term. Get the full story »

LinkedIn files paperwork for IPO

LinkedIn Corp., the company behind the largest Web site for professional networking, plans to raise at least $175 million in an initial public offering of stock that could open the IPO floodgates for other widely used online services that connect people with common interests.

The IPO papers filed Thursday by LinkedIn puts the 8-year-old company on a path to make its stock market debut in three to four months, barring major stumbling blocks. Get the full story »

Zuckerberg’s Facebook page hacked

Facebook founder Mark Zuckerberg’s fan page was hacked Tuesday — a high-profile breach on a site that constantly faces scrutiny about its handling of its members’ private data.

The message that appeared on Zuckerberg’s page under his name read: “Let the hacking begin: If Facebook needs money, instead of going to the banks, why doesn’t Facebook let its users invest in Facebook in a social way? Why not transform Facebook into a ’social business’ the way Nobel Price winner Muhammad Yunus described it? http://bit.ly/fs6rT3 What do you think? #hackercup2011″ Get the full story »

Facebook posts to start showing up in ads

Some of what Facebook Inc. users post to the social network will soon start showing up in ads aimed at their friends.

The company, as part of an effort dubbed “sponsored stories,” plans to allow advertisers to buy and republish Facebook messages that users voluntarily post about brands — such as a check-in at a local coffee shop or a product on a shopping site for which a user clicks the site’s “like” button. Get the full story »

Yahoo 4Q revenue falls; 1Q decline expected

Yahoo Inc.’s quarterly net revenue fell 4 percent and it forecast a further slide this quarter as it struggles to revive growth in the face of intense competition from Google and Facebook.

Yahoo shares were down 4.4 percent, at $15.39, in extended trading Tuesday. Get the full story »

Yahoo cutting up to 150 more jobs

Yahoo! Inc., owner of the largest U.S. Web portal, is cutting about 1 percent of its global workforce, part of a turnaround initiative that included the elimination of about 4 percent of jobs in December. Get the full story »