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How real money works in Second Life
CFO of Linden Lab talks about what it's like to operate the LindeX Currency Exchange, a real market in the virtual world.

Google Fixes Yahoo-Copied Splash Page
At 5:06 pm this evening we wrote that Google had apparently stolen the content and the look of a Yahoo page promoting IE7, even showing the Yahoo toolbar with the Yahoo logo blurred out. Six hours later, Google has replaced the site in question with an entirely new one. This one thankfully shows the Google Toolbar prominently installed.

Metacafe Traffic Dips, Acquisition May Have Stalled
The rumors around a possible Metacafe acquisition continue to swirl around silicon valley, with Yahoo being considered the most likely acquiror, at a $300 millionish acquisition price.

New York Times Surrenders To Social News
The New York Times has decided to let users post stories directly from their site to Digg, Facebook, and Newsvine. As of Monday, the paper will embed links to all three sites to most of their online stories.The new link will not be embedded into stories used on the paper’s premium content site, TimesSelect, staff blogs or wire stories.

VideoCodeZone: Yours for $800,000
A number of social networking services are up for sale at the moment. Two in particular - VideoCodeZone and Mojungle, are MySpace add-ons that have been covered extensively on Mashable.

Wikia Gets Funding From Amazon
Wikia, a for-profit sister site of Wikipedia, received a second round of funding today, all of it coming from Amazon. No word yet on how much Amazon has forked over.

LinkedIn - A MySpace for grown-ups
Social networking has been great for the kids, but not of much use to business - until now. With Reid Hoffman's MySpace-for-grown-ups at a tipping point, these days you're either LinkedIn or left out.

Million Dollar Homepage Becomes Multi-Million Dollar Homepage
Alex Tew, the mastermind behind The Million Dollar Homepage is most certainly pressing his luck. Tew sold one million pixels worth of advertisement for $1 per pixel and made $1 million. It worked so well that he thinks he can do it again, this time for twice the price.

Yahoo taps into massive overseas Filipino market
Internet giant Yahoo unveiled a global project aimed at tapping into the vast market of Filipino overseas workers.

Chinese Internet company Baidu plan Japan foray
Chinese Internet company Baidu, often referred to as the local equivalent of Google, plans to enter the Japanese search market in 2007, the company said.

Google eyeing acquisitions in Portugal
Internet search leader Google is eyeing acquisitions in Portugal that could help the US firm expand into Africa

Wikia To Buy ArmchairGM for $2 million
Wikia will announce the acquisition of ArmchairGM sometime this week, according to a source close to the transaction. The company was bought for $2 million in cash and Wikia stock.

Mojungle, for sale now on eBay
Mojungle, a mobile media-sharing startup, is the latest company to put itself 2 up for sale on eBay, with the bid starting at $60,000.

The Retooling of a Search Engine
A replica of what looks like Han Solo of 'Star Wars,' frozen in carbonite, sits outside Jim Lanzone's office here. A closer inspection, however, reveals that the frozen body is that of another fictional character: Jeeves, the English butler best known in Internet circles as the mascot of the Ask Jeeves search engine.

Financial world warned against unconfirmed cyber threat
The U.S. government warned of a possible Internet attack on U.S. stock market and banking Web sites from a radical Muslim group, but officials said the threat was unconfirmed and seemed to pose no immediate danger.

PayPerPost Chronicles Their Amorality
Florida based PayPerPost just launched a new site called RockStartup , which chronicles the birth (and I hope, ultimate failure) of their ethically-challenged startup .

Demand Media Launches Deals.com - Digg for Deals
Deals.com , a social site created by Demand Media , has launched in beta (in fact, the site went live on Thanksgiving, but they've kept it on the down low while they build up activity on the site).

CNET Launches AtLarge - Social Site for Airport Wi-Fi
AtLarge , a new CNET site that launched this week, might not look like much. The idea, however, is a good one: to help you stay connected at the airport.

JotSpot Case Casts Doubt on Future of Web Office Startups
Recent Google acquisition JotSpot found itself the subject of unwanted attention this week, when an early customer complained of being shut out after the Google deal.

Yahoo Gets Trashed By Users
Yahoo took a beating by users angry over the new Yahoo TV product in the comments to their own blog post announcing it. Even a former head of Yahoo Entertainment, Erik Schwartz, chimed in with his own bashing and suggesting that Yahoo has lost its way.

News Corp. eyes China for MySpace.com
Report says company in talks to crack Chinese market for popular social-networking Web site.

Anti-Jotspot/Google Post Deleted Under Pressure
Sometimes it isn't until a blog post gets deleted for one reason or another that it grabs people's attention. That happened today when a relatively new blogger named 'Kevin' deleted a blog post titled ' The JotSpot Google Merger ,' where he complained that JotSpot left them stranded as a partner after Google acquired the company last month.

Google CEO says Internet is key to campaign win
Google's chief executive offered some advice on Wednesday to Republicans looking ahead to the 2008 presidential contest: make better use of the Internet's electioneering power if you want to win next time.

How Vista will take over your living room
Google and Apple's big bets on video are nothing compared to Microsoft's gamble with Vista. Here's why the new operating system will stunt the competition.

Yahoo Rebuffs Google on Digital Books
Yahoo has rebuffed Google 's attempt to learn more about its efforts to create digital copies of books, dealing Google another setback as it prepares to fight a copyright infringement suit.

100 Millionth Call to 1-800-FREE411
By placing the 100 millionth call to the free directory assistance 1-800-FREE411 service, Amanda Seth of Pemberton, New Jersey was awarded this week a trip to Puerto Rico, a tropical vacation destination rich in natural beauty and activities. Jingle Networks, provider of the 1-800-FREE411 service, celebrated this landmark achievement just over a year after launching this revolutionary new service.

Microsoft Vista goes on sale
For the first time in five years, Microsoft is finally unveiling a new system for operating personal computers. Now the company must persuade PC buyers that the launch really matters to them.

Yahoo's Big Win
We could tell that there was some real excitement over at Yahoo HQ yesterday - four separate Yahoo PR folks emailed to make sure we knew that Google had announced the closing of their Answers product.

Yahoo TV Relaunches
Yahoo rolled out an all-new version of their TV listings site Yahoo TV last night, with a completely redesigned interface and new social features.

Yahoo! Launches Group Texting Site
Yahoo! is getting in on the group text messaging biz with the launch of their new site, Mixd.

Amazon goes UnSpun with Ruby on Rails
UnSpun is a new service from Amazon that puts workers from the Mechanical Turk and the UnSpun community at work finding the top, best, favorite things in any category.

Revver Mobile Launching Imminently
Today, Verizon Wireless is announcing an agreement with Revver that does the same thing - it'll be launched in early December and available via the VCast service, which costs $15 per month

BitTorrent Raises $25 million, Bram Cohen is History
Om Malik posted a rumor today regarding a new BitTorrent financing and possible ouster of CEO Bram Cohen . We did some independent digging and have come up with what I believe is accurate based on multiple sources and a leaked document: BitTorrent has raised a $25 million Series B round of financing from Accel Partners and previous investor Doll Capital Management, bringing the total capital raised to just under $34 million.

Russia Agrees To US Request To Shut Down AllofMP3.com
An official document posted to Digg today summarizes an agreement between the U.S. and Russia in which Russia has agreed to close down AllofMP3.com , and any sites that “permit illegal distribution of music and other copyright works.”

Google Has No Answers
Yesterday we compared a new service called BitWine to Google Answers . Apparently that was the last day we could make that comparison because at 10 p.m. last night, Google announced that they would be closing the service by the end of the week.

Yearning for Freedom ... From Venture Capital Overlords
EVAN WILLIAMS recently bought his freedom. It cost him a bit more than $2 million, and he says it was worth every penny.

Vendio acquires Andale, an online sales management company
Andale, a Sunnyvale company that helps vendors put their listings on eBay and then manage transactions, has been acquired by San Mateo company, Vendio , for an undisclosed amount.

Qihoo raises $25M for new Web 2.0 search engine
Qihoo , a fast-growing but controversial Chinese search engine for Web 2.0 content, has raised $25 million more in a second round of venture capital from credible U.S investors.

Skype early backer Mangrove invests in the hottest search startup Quintura
Quintura, which just launched its See & Find™ visual find engine at www.quintura.com , announced that it raised a significant amount of venture capital from Mangrove Capital Partners of Luxembourg, an early-stage investor in Skype, ABRT Venture Fund and the partners of OpenView Venture Partners of Boston. The deal is the first Western VC investment made in an Internet company from Russia.

Hellman & Friedman, buyout fund, raises $2.7 billion
Hellman & Friedman , the San Francisco buyout fund, has secured $2.7 billion in commitments for its sixth fund, which is being marketed with an $8 billion target capitalization, reports PE Week .

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