Following Facebook's privacy debacle earlier this year, the social-networking site is encouraging users to vote on whether a proposed terms of service culled from user feedback should replace the existing terms of service.

In a blog posting Thursday, Facebook CEO Mark Zuckerberg encouraged users to review documents posted to the site that contain proposed changes to the site's terms of service (TOS) based on user feedback along side the current TOS:

Twitter is booming, and Google would be "very happy to pursue" an advertising partnership with the microblogging service, Google Chief Executive Eric Schmidt said Thursday.

There have been signs Google is vying with Microsoft for the privilege of supplying ads to Twitter. Although Schmidt didn't mention any specifics about such talks during a conference call to report Google's first-quarter profits, he lavished praise on Twitter and expressed enthusiasm for an ad partnership with it or its competitors:

Twitter proves innovation is alive and well in Silicon Valley. It's really come on board very strong in … Read more

So far, YouTube has been a free, advertising-supported service, but Google plans to build payment mechanisms into its video-sharing site.

"With respect to how it'll get monetized, our first priority is on the advertising side. We do expect over time to see micropayments and other forms of subscription models coming as well," said Google Chief Executive Eric Schmidt after the company reported first-quarter profits Thursday. "We'll be announcing additional things in that area literally very, very soon."

The change in tactics will mark a new era for Google's attempt to make money from … Read more

Move over Hotforwords, Lonelygirl15, and all the other YouTube stars. The video site is bringing in more professionally made content and plans to make it a marquee product.

The Internet's largest video site on Thursday announced that it has struck deals with a host of entertainment companies, including Sony Pictures, CBS (parent company of CNET News), Metro-Goldwyn-Mayer, Lionsgate, Starz, and the BBC, to acquire "thousands" of TV episodes and hundreds of films. The new content will only be available in the United States.

YouTube executives also said during a conference call that they have redesigned part of … Read more

Buoyed by continued growth in search and by cost cuts, Google reported better-than-expected profitability for the first quarter of 2009.

Google's net income increased 8 percent annually to $1.42 billion for the quarter ended March 31, the company reported Thursday. Revenue increased 6 percent to $5.51 billion, but excluding commissions paid to advertisers (called traffic acquisition costs), revenue increased 10 percent to $4.07 billion.

On average, analysts surveyed by Thomson Reuters had expected revenue excluding commissions of $4.085 billion, a bit more than what Google reported. However, the company cleared the earnings forecast as it … Read more

OpenX, a software company that makes an open-source ad serving product for online publishers, has launched a platform called OpenX Market to directly connect buyers and sellers.

The model is more or less a standard ad auction format: publishers set a minimum, potential advertisers bid, and the highest bid wins. Plenty of platform-oriented start-ups are turning to the exchange or auction format to simplify and speed up the online ad buying process, but OpenX is worth a second look because of its roots in open-source software.

The OpenX software itself is free, but the platform is a way for the … Read more

The four defendants in the high-profile Pirate Bay trial face year-long jail terms if found guilty when the verdict gets announced in Stockholm, Sweden, on Friday. But even if prosecutors get their way, it's less evident whether a legal victory would also translate to a broader deterrent against illegal file sharing.

Clearly, this case is being viewed on both sides of the Atlantic as a potentially landmark decision in the heated controversy surrounding unauthorized Internet file sharing. The prosecution accuses the four men standing trial--Peter Sunde, Gottfrid Svartholm Warg, Fredrik Neij, and Carl Lundstrom--of making copyright-protected material available through … Read more

eBay announced an agreement Wednesday to acquire Gmarket for a price of up to $1.2 billion, and Yahoo has agreed to sell its 10 percent stake in the South Korean e-commerce site in a move that would raise about $120 million.

Gmarket's board unanimously approved eBay's tender offer, in which the online auction and commerce site will pay a cash price of 31,767 Korean won, or $24, per share for all common shares and all American Depository Shares. eBay said it's assured of owning at least 67 percent of the company, and if it acquires … Read more

Good news for news junkies and anyone who can still stomach reading about the stock market: The Wall Street Journal just took the wraps off an eponymous iPhone app, offering news, video, and even podcasts. Better still, there's no charge for the app--or the content.

That may surprise Journal subscribers who pay a little more than $100 per year for unrestricted Web access. But it puts the app on an even footing with The New York Times and USA Today apps, among others, which also provide news at no charge.

The Journal app bears a striking resemblance to the … Read more