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You've probably heard it already: New numbers from iStrategyLabs indicate that in the apparent reversal of the plot of any '90s-era kiddie caper flick, grown-ups are taking over Facebook.

According to iStrategyLabs, from January to July of 2009, even though the population of Facebook members over the age of 55 grew 513.7 percent, the site now sees 16.5 percent fewer high-school users, and 21.7 percent fewer college users. Which, naturally, is cause for panic because when the cool kids leave it's all totally over. Or so the common wisdom says.

A BusinessWeek blog post has the right idea: … Read more

This review contains some spoilers about the plot of "The Accidental Billionaires," but most of them are common knowledge to people familiar with Facebook's history.

There's a reason why there aren't more lurid tell-all books about Silicon Valley's entrepreneurial elite: Generally, their lives are kind of a yawn.

Author Ben Mezrich attempts to prove that Facebook founder Mark Zuckerberg is an exception to the rule in "The Accidental Billionaires," a testosterone-flavored tome of beach reading that hits stores on July 14. CNET News obtained an advance copy.

Telling the tale of Facebook'… Read more

Not so long ago, the faces of gaming on social networks were those of zombies, vampires, and cuddly virtual pets. Now it's more along the lines of Michael Corleone or Tony Soprano.

You've probably seen it in your news feed: From Facebook to MySpace and now Twitter, Mafia-themed games have more or less taken over. Mobsters, a game created by development company Playdom, is the most popular application on MySpace's platform. Mafia Wars, owned by Zynga, is a huge hit on Facebook. The Social Gaming Network has an iPhone app called Mafia: Respect and Retaliation. And earlier … Read more

Memo to Twitter: If you're really going to be making money with sponsored direct messages, as a New York Times article hints, please make sure it doesn't get annoying.

Twitter investor Todd Chaffee of Institutional Venture Partners told the Times that "e-commerce, including links to products and turnkey payment mechanisms, is a likely revenue stream for Twitter." That's not too surprising. Some companies have touted real success with Twitter-only deals: electronics manufacturer Dell, for example, says it's racked up a few million in sales. Airlines JetBlue and Southwest sometimes advertise special fares on Twitter. … Read more

For Twitter, the past year has been a series of coming-out parties as it jumped further and further into the public eye. But it wasn't until this month's post-election upheaval in Iran that it became really clear: Twitter, you're not in Silicon Valley anymore.

"They have a responsibility that goes way beyond what they originally imagined," said Patrick Meier, director of research at DigiActive, an organization dedicated to helping activists better utilize new-media communication and networking tools. "This is a tool that can help communication in politically volatile situations."

Up to this point, … Read more

It really shouldn't be this much of a media sensation, but let's face it: Everybody's talking about how Facebook is finally letting members reserve vanity URLs, letting them customize the Web addresses that lead to their profiles. The feature goes live at 12:01 a.m. EDT on Saturday (9:01 p.m. PDT on Friday) and already, the pundits are going mad.

"This is more than 200 million users, already engaged, simultaneously scrambling in the greatest territory dash since the Oklahoma Territory's land run of 1889, albeit with fewer shotgun injuries," author Douglas … Read more

NEW YORK--"They've created quite an industry around this whole thing," one woman in a black cocktail dress and diamond earrings commented as the lights dimmed for the start of the 13th annual Webby Awards on Monday night.

The annual awards ceremony for all things in digital media, held once again at the upscale Cipriani Wall Street restaurant, had packed the gilded space--once home to the New York Stock Exchange--with a mixed bag of folks from marketing, advertising, entrepreneurship, social media, online content, and what-have-you. (A common observation at the cocktail hour beforehand: "I don't … Read more

You'd think, based on what the blogosphere is saying about dual sets of numbers in Advertising Age and VentureBeat, that Facebook has a new reason to freak out about revenues. Namely, signs point to the fact that the third-party developer platform that Facebook launched two years ago now collectively makes more money than the social network itself.

Well, of course it does.

From some of the headlines, you'd think that it were some sort of Silicon Valley equivalent of humans creating robots that eventually outstrip them in intelligence. While it's sort of amusing to think about Facebook … Read more

NEW YORK--Goat cheese is the new black. Introducing goat cheese cheesecake, asserted the Twitter account for a Manhattan food outlet called the Dessert Truck one morning in April, a few hours before it opened up shop at its semi-regular haunt on the corner of St. Mark's Place and Third Avenue.

The Dessert Truck is usually in good company. Walk out of the Astor Place subway station into Cooper Square, the gateway to the St. Mark's and Bowery nightlife strips, and depending on the time of day you can buy a cup of coffee, an order of Thai chicken, … Read more