.jpg "Why Facebook borrowed $100 million for servers")
Valleywag
Yahoo, Google and MySpace plan to further compound their OpenSocial initiative with another initiative, the OpenSocial Foundation. OpenSocial is a widget platform Google first announced last fall when Facebook seemed poised to "take over the world" with its own platform. After the announcement, Google rushed OpenSocial into development and completed — sort of — a beta version earlier this year. The foundation proposal calls for 501(c)(3) tax-exempt status and protection against patent challenges. Ah, so this is really about getting donors to pay Google's legal bills!
Yahoo, Google, MySpace form tax-exempt foundation to promote Facebook rival
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10:20 AM on Tue Mar 25 2008
By Nicholas Carlson
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4 comments
Comments
yawn. social network sites are dead.
lets get that wiki dude jim to chair this one too.. or maybe that mozilla chick that is gettting paid 1/2 a million for it...
or better yet...ill chair it..and ill only charge you 1/4 of a million.. what a bargain.
@Moonshine Mike: They're so gone tomorrow.
Those companies shouldn't worry too much.
i'll start the bidding to chair this for 1/4 of a million. trust me, i have A++++ ebay feedback.
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