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Report: Facebook may be solving that little 'revenue' problem

Throughout Facebook's recent and meteoric rise, one of the detractors raised by skeptics has continually been the social networking site's failure to show concrete proof of a strong revenue model.

But that all might change very soon.

According to a report on the Wall Street Journal's Web site, the social network is "quietly" assembling a new advertising model that will take advantage of the copious personal information that its members post on their profiles. These new advertisements would not be in the form of traditional graphical advertisements but would rather pepper the "news feed&… Read more

Update: TripAdvisor denies Facebook Platform app acquisition

This post has been updated to include the Facebook app creator's statement on the issue.

Ouch, here's a zinger: contrary to reports, travel site TripAdvisor apparently did not purchase the Facebook Platform application Where I've Been for $3 million. The news was originally reported on Inside Facebook on Thursday night.

A statement from a TripAdvisor representative read, "This is untrue. Beyond that, we do not have any comment."

The company isn't saying any more, obviously. You could really dig into the nuances of the statement, implying it to mean that either the entire rumor … Read more

Report: 'Where I've Been' Facebook app acquired for $3 million

Update 9:37 a.m. PDT: It turns out TripAdvisor apparently did not purchase the Facebook Platform application Where I've Been for $3 million. Here's our follow-up story.

Who knew that Facebook Platform applications might one day be million-dollar acquisition targets?

Inside Facebook is reporting that Where I've Been, a third-party application developed with the Facebook Platform APIs, has been acquired by online travel company TripAdvisor for somewhere in the ballpark of $3 million. Inside Facebook blogger Justin Smith did not cite any sources; we have sent requests to both Smith and TripAdvisor for comment.

Where I'… Read more

Set your DVRs: Colbert, Branson showdown to air next week

I don't think I've been this psyched for a Colbert Report episode since Stephen Colbert took on the Decemberists. On Wednesday, August 22, an unscripted tiff between the Comedy Central comedian and billionaire Sir Richard Branson, which swirled up quite a bit of chatter in the blog rumor mill, will be shown in that night's episode of the faux-pundit talk show.

The segment, originally cut from the program, depicts Virgin Group mogul Branson dumping a cup of water on Colbert in a manner that was rumored to be less-than-friendly. It was considered particularly out-of-line, considering the close … Read more

Say what? 'Nobody reads newspapers anymore' allegedly gets columnist fired

The Internet, as we all know, has taken a toll on the venerable newspaper industry--so we'd understand that print media folks would be a little bit sensitive when their writers crack jokes about it. But, as it turns out, they might be more thin-skinned than we thought. Humor writer Elliot Kalan, who writes a column for the free daily newspaper New York Metro, might've just gotten fired over it.

Kalan, who is also a segment producer for Comedy Central's The Daily Show, wrote a column in the publication's August 3 edition entitled "Newspapers: Information's … Read more

Forbes may acquire social bookmarking site Clipmarks

VentureBeat reported this evening that "an inside source" had informed them that Forbes Magazine--home publication of the now-outed Fake Steve Jobs--has acquired Clipmarks, a New York-based start-up that allows users to share snippets and bits of Web pages rather than simply a hyperlink or an entire article. This is done through a downloadable browser plug-in that enables "highlighting" up to a certain amount of text on a site.

No financial details were provided, but VentureBeat's Eric Eldon wrote that "Forbes finds the service useful for helping their reporters collect and share information … Read more

New York Times to ax premium online content, rival says

Note: This story was updated at 6:00 a.m. PDT to include a correction from a New York Times representative regarding TimesSelect subscriber figures cited by the New York Post.

Citing anonymous sources, the New York Post has reported that rival Manhattan paper The New York Times is planning to do away with TimesSelect, the subscription-only content on its NYTimes.com Web site. According to the article by Holly M. Sanders, the main obstacle at the moment is reconfiguring the site's software.

A Times representative told CNET News.com that the company isn't releasing any statement beyond: &… Read more

Presidential Facebook flub: Giuliani's daughter declares Obama loyalty?

It's a classroom-warning-video-worthy example of "be careful what you put on your Facebook profile"--or at least that's what it looks like on the surface. Slate columnist Lucy Morrow Campbell was tipped off to the fact that Republican presidential candidate Rudy Giuliani's daughter, Caroline, had semi-openly declared on the social-networking site that her political views are "liberal" (OK, that'd be more shocking if it were Mitt Romney's kid) and that she's a Barack Obama supporter.

Yes, really.

Giuliani, who is 17 and uses a slight variation on her last name … Read more

Report: Plaxo to unveil social network on Monday

If two months' worth of perpetual hype and hearsay about Facebook have given you social-networking fatigue, it might be time to chug an energy drink--looks like we will see another serious entry into the field on Monday.

Launched by contact and schedule management service Plaxo, this will apparently be a sort of midpoint between the strictly business LinkedIn and the still-full-of-frat-party-photos Facebook.

The rumors started, as they often do, with a single blog post from a well-read blogger. After attending the "Lunch 2.0" event at Facebook's offices last week, Robert Scoble started up a minifirestorm of … Read more

Secrets of 'The Bourne Ultimatum' car chase scenes

A small group of automotive journalists gathered recently in Southern California to watch an unusual sight: A fully functional Volkswagen Touareg that could be controlled without anyone in the driver's seat.

The custom-made SUV was part of a special showcase hosted by Volkswagen, where a select few got a glimpse at some of the stunt driving skills used in the making of The Bourne Ultimatum, the third and newest installment of the Bourne films. The movie's stunt team developed a special cockpit attached to the top of the Touareg, complete with a seat, steering wheel, and pedals that … Read more