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REUTERS -- Nov 30 -- Hong Kong tycoon Li Ka-shing has invested $60 million in Facebook, with an option for an additional $60 million. The investment follows Microsoft Corp's deal last month to take a 1.6% stake in privately held Facebook for $240 million, valuing at $15 billion. FULL ARTICLE @ GUARDIAN UNLIMITED
THE WALL STREET JOURNAL -- Nov 30 -- aSmallWorld.net, MySpace for millionaires, promise safe havens for the affluent where they can flirt, swap advice, plan parties and find new pals without mixing with hoi polloi. People must be invited to join however membership invitations or passwords can be purchased easily and cheaply -- though in violation of the site's rules -- on eBay. A new site, Diamond Lounge, will also target the elite. Members must be invited to join by a three-person membership committee and have to pay $60 a month in dues. FULL ARTICLE @ THE WALL STREET JOURNAL
TELEGRAPH.CO.UK -- Nov 30 -- Facebook has been forced into a change to its advertising system Beacon because many users were shocked to see the details of recent purchases appearing on their Facebook profile. Facebook will give users "more control" over the Beacon. They will have to approve Beacon alerts individually before they appear on their profiles. FULL ARTICLE @ TELEGRAPH.CO.UK
SNC -- Nov 30 -- The very first virtual Social Networking conference will be held in Dec 19th from 8am - 9pm EST. People attending the Miami event Jan 31 - Feb 1, 2008 will maximize their time and efficiency. The conference will allow delegates to see exhibitiors, learn what they do, have a chat with them and schedule appointments at their desks in their offices. The event is totally free for anyone to attend. The exhibitors can create a virtual booth with flash banners, images and videos to show their products. Click here to pre-register. SEE MORE DETAILS @ SOCIAL NETWORKING CONFERENCE
LOS ANGELES TIMES -- Nov 30 -- Religion on the Internet is nothing new with sites such as MyChurch.org, Naseeb.com or CircleBuilder.com. But GodTube, Christian video site, is trying to take networked religion to the next level with it's GodCaster. The GodCaster allows churches and ministers to stream live events -- services, concerts and debates. GodTube is the nation's fastest-growing Web property for August, according to ComScore's Media Metrix. Its 1.7 million unique visitors represented a 973% increase in traffic over the previous month. In September, the number of visitors leveled off, but the length of the average user's stay nearly doubled to 7.7 minutes. FULL ARTICLE @ THE DETROIT NEWS
PR NEWSWIRE -- Nov 29 -- College Tonight, a social network for students focused on socializing and nightlife, became a wholly-owned subsidiary of Simex Technologies Inc, whose common stock is traded on the pink sheets. Simex issued College Tonight shareholders a total of 2,412,800 shares of Series A Convertible Preferred Stock. As a part of the transaction, before and at closing of the merger, College Tonight raised $1,639,500 in equity capital in private placements to accredited investors. FULL ARTICLE @ CNN MONEY
REUTERS -- Nov 28 -- Business networking Web site LinkedIn would help News Corp in the fast-growing online social network business. TechCrunch raised speculation that News Corp had approached LinkedIn about an acquisition. Fortune blog Go West quoted LinkedIn Chief Executive Dan Nye as saying he would be willing to sell the company, but for "a lot more" than $1 billion. FULL ARTICLE @ REUTERS
The Open Web Awards, hosted by Mashable.com, are the first ever online, open collaboration awards event to recognize the best online communities representing web 2.0.
SocialNetworkingWatch has been given the honor to submit nominations based on what you think. After nominations are all in, you will be given the opportunity to vote for the winners which will be announced Dec 20.
There are 13 categories for which you can nominate your favorite sites or products. Scratch that. Let's add a 14th category, Internet Dating. To nominate please leave a comment in the following format: Nominate - Category - (company you wish to nominate). You may nominate a site for more than one category.
Nominations close on Dec 5, so get your nominations in now!
The 14 nomination categories are:
SNW -- Nov 28 -- If you'd like to stay up to speed on the social networking industry news, add your email address to the Feedblitz box on the right and we'll send you all the news once a day. Also, rather than typing SocialNetworkingWatch.com, you can type snw1.com, for short. Or, faster yet, download the SNW toolbar and you'll be able to see the news in your toolbar. - Mark Brooks
BUSINESS WIRE -- Nov 27 -- Utterz is a mobile blogging service that allows bloggers to post text, video or pictures from their cell phones and works with WordPress, Blogger, TypePad, LiveJournal, Twitter, Tumblr and Facebook. FULL ARTICLE @ BUSINESS WIRE
Mark Brooks: These guys were funny at the recent Blog World Expo. See their cow costume. Udders.
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