New numbers from metrics firm ComScore show that in May, Facebook appears to have surpassed MySpace in worldwide unique visitors for the first time.
The new Australian chief executive of Friendster has outlined plans to generate revenue for the struggling social networking site through advertising and by introducing a form of digital currency for users to trade.
Social networking sites MySpace and Bebo have announced they will be part of Google's OpenSocial developer initiative.
Borrowing a playbook from Sun's Java, Google is announcing a way for programmers to build social applications for multiple Web sites at once.
The first app launched under Google's OpenSocial API program has been taken down, shortly after it was discovered a hacker could use it to change user profiles.
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