
The popular social networking website Facebook has acquired social aggregator site FriendFeed. The implications could be pretty big for the social media community. Facebook is the fourth largest internet based business in the world.
The Future of Social Media: The Walls Come Crumbling DownSource: Wired News
The social web trend is more or less complete. Oprah's gone Twitter, your co-worker has a MySpace problem, and if your parents aren't bugging you with Facebook movie quiz invites, they probably will be by the time you're done reading this.
Social networks 'are new e-mail'Source: BBC News
Status updates on sites such as Facebook, Yammer, Twitter and Friendfeed are a new form of communication, the South by SouthWest Festival has heard.
"We are all in the process of creating e-mail 2.0," David Sacks, founder of business social network Yammer said.

Last week the online bookmarking website Magnolia suffered a catastrophic problem and may have lost everyone's bookmarks. This week they are coming out with several ways to possibly recover some of your bookmarks.

I have been a big Twitter user since it first came out. I probably get more that 50% of my tech news from my friends on Twitter and probably more that 80% of the really good tech news.
Social Web Speeds Ahead Despite Slowing EconomySource: micropersuasion.com
As if you didn't have enough to worry about with the slowing economy, just wait. The social web is actually heading in the opposite direction - it's getting a lot faster. This will throw digital marketers another major curve to contend with.
Why Twitter Hasn't Failed: The Power Of AudienceSource: TechCrunch
Twitter isn't for everyone, and you may have dismissed the service a long time ago. But regardless of your own use, it's hard to dismiss the phenomenon itself and the passion of so many that has built up around it.

The greatest celebrity to hit this generation is neither tall or statuesque, fair nor tanned skinned blond nor brunette. She or He doesn't have a distinctive physical quality that makes him or her of star quality.
Are We Watching the Redefinition of Intellectual Property?Source: Profy
"There's a battle going on right now, and it's spreading to every possible domain: what exactly IS intellectual property, and who owns it? In an era in which copyright protection is seemingly extended indefinitely, a la the Mickey Mouse Protection Act, corporations are seemingly …

Chris Pirillo, "Call for Help" guy and all around poster-boy for geekiness, is actually onto something much bigger and much cooler than you'd guess by his relatively unhip track record.

This was a big week for Paul Buchheit. His new company, FriendFeed, no longer in private beta, launched Tuesday. In addition, they announced $5 million in venture funding.