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WPP shows no sign of Facebook concern as it signs deal with Buddy Media | @gordonmacmillan | 22 May 2012, 2:33PM | While doubts circle about advertising on Facebook WPP Group has pushed ahead with a deal with social software firm Buddy Media and chosen it as its preferred social ad management partner for handling Facebook advertising across its various media agencies.
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Facebook and The Social Contract - What Zuckerberg can learn from Rousseau | Nick Hammond | 22 May 2012, 7:37AM | Jean Jacques Rousseau’s classic work of social and political philosophy – The Social Contract (published in 1762), starts famously with the words – Man is born free, and everywhere he is in chains. Although it may not seem immediately apparent, there is a direct link between this philosophical work of the 18th Century and Facebook.
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Facebook shares fall by almost 13% as they begin trading | @gordonmacmillan | 21 May 2012, 2:31PM | UPDATE: Facebook shares failed to bounce back last night and ended up down by almost 11% or $4 on their $38 IPO price. The Rupert Murodch-owned New York Post gave its view of the Facebook IPO with this Monday front cover as it dubbed investors “ZUCKERS!”.
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Three days of video added to YouTube every minute | Charlotte Henry | 21 May 2012, 2:09PM | As YouTube celebrates it’s seventh birthday, The Verge have reported that a staggering seventy-two hours of video are uploaded to the the site every minute, a whole day’s worth of content more than a year ago. Owned by Google, YouTube has become embedded into the search process with videos hosted by it gaining prominence in the Google search algorithm, and therefore search results. Consequently, it has eliminated competition from the like of Vimeo, who offer an equally good, if not better, service, but do not have the groundswell in take up.
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The bank of Facebook - is social banking on the way? | Adam Fairbrother | 21 May 2012, 11:56AM | Remember how we scoffed at those hapless souls who put their bank details up on Facebook when the social network first became popular? It now looks as though this was a misguided but ultimately accurate premonition of a future development in social media.
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