myspace

Search company makes “social address book” available to Apple App store for iPhones and iPod touch devices.

If the U.S. economy should take a sharp turn south, Yahoo and AOL will be leading losers of ad dollars, according to an analyst report, but the same won’t be true for Google, MySpace, and Facebook.

Facebook competes more directly in social media with Google than Microsoft, so it should come as little surprise it chose an investment from the software giant. What happened to fearing Redmond?
See also: Microsoft Takes Facebook Stake

Social-networking behemoth signs licensing agreement for people to use streaming videos and other forms of studio-owned entertainment.