Inside these posts: Social media

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Facebook assets frozen in bizarre N.Y. lawsuit

From CNN | Facebook is fending off a New York restraining order temporarily preventing it from transferring or selling any of its assets.

The order stems from a case filed in late June in New York’s Allegany County state court by Paul Ceglia, a local resident who claims that in 2003 he paid Facebook founder Mark Zuckerberg $1,000 to build a Web site “designed to offer the students of Harvard university access to a wesite (sic) similar to a live functioning yearbook with the working title of ‘The Face Book.’ ” Get the full story »

Google may be working on rival site to Facebook

Silicon Valley is speculating that Google is working on a social network to compete with Facebook called Google Me. That speculation stems from a tweet by Digg CEO Kevin Rose that he has since deleted (“Ok, umm, huge rumor: Google to launch facebook competitor very soon — ‘Google Me’, very credible source”) and from comments on Quora from former Facebook CTO and Quora founder Adam D’Angelo.

Journal calls for Facebook blood donor drive

A leading medical journal says the world could boost its blood supply from young donors by tapping into social networks like Facebook.

In an editorial on Friday, the Lancet calls for doctors to encourage young people to donate blood, including recruitment drives on Facebook or running advertisements for national blood donation agencies on Google. Get the full story »

Facebook revenue neared $800M, sources

Facebook’s financial performance is stronger than previously believed, as the Internet social network’s explosive growth in users and advertisers boosted 2009 revenue to as much as $800 million, according to two sources familiar with the situation. The company also earned a solid net profit, in the tens of millions of dollars last year, one of the sources said.
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Yahoo punches up pages with Facebook

From CNN | People who use both Facebook and Yahoo will be able to link those
accounts and share updates and messages across platforms, thanks to a
major redesign rolled out by Yahoo on Monday.

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Facebook bigger than Google in the U.S.

Facebook.jpgFacebook CEO Mark Zuckerberg in 2007. (AP Photo/Paul Sakuma)

By Wailin Wong | Social networking platform Facebook racked up the most U.S. hits on its Web site last week, edging past search giant Google to be the country’s most-visited site for that period, according to data from research firm Hitwise.

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