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The social network aimed at teens hopes to accelerate growth further by featuring photos of users inside local taverns.
MTV is launching a site for youth to "identify, respond to, and stop the spread of digital abuse," including sexting and cyberbullying.
While it pales in comparison to bigger sites like MySpace, MyYearbook has a healthy user base of young teens that advertisers crave.
Multiple sources close to the company indicated to CNET News.com that the rumor reported by tech gossip blog Valleywag arose from a "mock pitch" at the Quadrangle Group media conference.
Virtual currencies have become big moneymakers for social sites. A new site will let users swap currencies across virtual borders.
Two rival companies, Boku and Zong, want to replace your credit card number with your cell phone number. Here's how it might pan out.
Yet another rogue app spreads on Facebook, as does new variant of Koobface worm that tricks users by including the name and photo of an intended victim's Facebook friend.
Also: Mio.tv has acquired Wamba for approximately $5.1 million; Sedo acquired RevenueDirect for an undisclosed sum; and myYearbook.com has donated over $250,000 in its early stages to global warming initiatives.
The Web-based chat service now has the two social networks' IM hooked up along with the likes of AIM, Yahoo, and Windows Live.
Nielsen Online's September statistics for the biggest and fastest-growing social networks in the U.S. are in, and it looks like MySpace is still clinging onto a lead.