Yahoo considering acquiring social media properties!
Yahoo might be struggling to compete against Google and Microsoft but they are still looking for good deals in the market.
Yahoo CTO Ari Balogh said in a statement at the Reuters Global Technology Summit: “It’s a good time to be buying now.”
He added: “I can guarantee you there will [...]

LiveJournal confirm job cuts rumor
Social media company LiveJournal has announced that they are indeed cutting some jobs in their operations.
The company would be cutting some jobs in its San Francisco and Moscow offices.
Market rumors had claimed that the company had sacked 20 out of 28 employees.
LiveJournal responded that the numbers are much lower [...]

Technorati Engage self-service advertising network launched
Blog search engine Technorati has announced that they have acquired AdEngage.
They are now launching a new self-service advertising network named Technorati Engage.
It is targeted at bloggers and social media networking sites.
Technorati wrote in a blog post about AdEngage:
AdEngage has been running since 2004, serves more than 12 billion ad [...]

Digg gets more investments
Social news discussion service Digg has received another round of fresh investments worth $28.7 million.
This news could be a hint that the company aims to stay independent for the time being.
Jay Adelson, Digg’s chief executive said in a statement on the new developments: “That’s part of the message. We want to be [...]

Imeem acquiring Snocap
Social media service Imeem has announced that they are now acquiring Snocap.
Imeem focuses on providing ad-supported music and video content while Snocap is essentially a music-licensing company which was founded by the creator of Napster Shawn Fanning.
The two companies have not disclosed the financial aspects of this acquisition deal.
Imeem has already been using [...]