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Friendster hires ex-Googler as CEO, raises $20 million

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It’s long since passé in the U.S., but the social network is surging in Asia, so it’s hired an exec familiar with the territory and raised money to help continue expanding. (CNET News.com — 5 August, 2008)
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Thanks to the Time Warner unit’s acquisition of Third Screen Media last year, the ad platform has gone mobile and expanded its reach to third-party ad networks. (CNET News.com — 5 August, 2008)
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Friendster hires ex-Googler as CEO, raises $20 million
Friendster hires ex-Googler as CEO, raises $20 million

The social network now lets developers see more information about the use of their applications and work them into custom graphs. (CNET News.com — 47 minutes ago)
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The Cloud, a European wireless company, is letting MySpace users access the site from its hotspots as a promotion. Unfortunately it’s really just a gimmick. (CNET News.com — 7 August, 2008)
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The Commission on Presidential Debates has created a site in conjunction with the News Corp.-owned social network, which will stream the debates live and let viewers interact. (CNET News.com — 6 August, 2008)
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It’s been around since the late ’90s and still doesn’t have the name recognition of a MySpace or Piczo, so the social site revamps itself and plans to spread the word. (CNET News.com — 5 August, 2008)
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American Apparel, a trendy youth-focused retailer based in Los Angeles, has been named the top online apparel retailer by ComScore. Big surprise: A quarter of its ads go on MySpace. (CNET News.com — 5 August, 2008)
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Media giant’s earnings beat analyst expectations on the strength of its television and film businesses. (CNET News.com — 6 August, 2008)
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