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LinkedIn Hit with Class Action Lawsuit

LinkedIn

After a great run, a successful IPO and a series of progressively profitable quarters, LinkedIn has been hit with a bit of bad news in the last few weeks. It started with the fact that 6 million of their users' passwords had been leaked to a Russian site. Then there were the phishers. Now the company has been hit with a $5 million class action lawsuit attempting to collect remuneration for the "lack of security measures" that LinkedIn implemented for its passwords.

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What If The Internet And Social Media Never Existed? [INFOGRAPHIC]

retrointernet

Have you ever imagined what the world would be likewithout the internet?

And I don’t mean how you would feel if it had suddenly all been completely erased when you woke up. What if itnever existed? How different would everything be? Some 2.3 billion people use the internet worldwide, all of whom are connected, and the internet has given us a wealth of information (across some 550 million websites) that has made it the greatest resource mankind has ever known.

So how would life be if it none of this had ever happened?

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Hometalk Takes Home Improvement Online

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Wondering if you should get your roof replaced? On Hometalk, you can take a picture of your damaged shingles and get feedback from other people, including professional contractors who can give you a quote. Launched in 2011, the online home improvement community recently did a little housework of its own, with a slick new interface and a few new tools.

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Sina Weibo Now Charging for New Premium Features

sina-weibo

Sina Weibo, the Twitter of China, is now charging members for premium features, and the success may hint at a possible monetization model for Twitter itself – although it seems unlikely. Sina Weibo is making the move after they posted a $13.7m loss for its first quarter in May. The new services will allow for greater personalization, mobile access and security and will carry a monthly fee of 10 RMB ($1.57).

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LinkedIn Hit with Class Action Lawsuit

LinkedIn

After a great run, a successful IPO and a series of progressively profitable quarters, LinkedIn has been hit with a bit of bad news in the last few weeks. It started with the fact that 6 million of their users’ passwords had been leaked to a Russian site. Then there were the phishers. Now the company has been hit with a $5 million class action lawsuit attempting to collect remuneration for the “lack of security measures” that LinkedIn implemented for its passwords.

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Facebook Phasing Out Credits | Twitter Simplifies Timelines | Kremlin to Launch Social Network

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Facebook Swapping Out Credits, Adding Subscription Billing (AllFacebook)
Facebook announced Tuesday that the company is doing away with Facebook Credits and transitioning to local currency. The social network also announced that it is accepting subscription billing for apps. Simply put, these moves make it easier for Facebook gamers to spend more by cutting out the Facebook Credits middleman. The New York Times The changes are designed to encourage companies well beyond game developers to sell their wares on the Facebook platform itself. It carries the additional benefit of potentially keeping Facebook users on the site longer and harnessing more data about what they buy. San Francisco Chronicle App developers will soon be able to charge subscription fees, Prashant Fuloria, Facebook product management director, announced in a company blog for developers. Subscriptions could become an easy, ongoing source of revenue. The Wall Street Journal Facebook is getting support from two big-name advertisers after tough questions over the effectiveness of its ads. On Tuesday, Ford and Coca-Cola separately said they found value in Facebook advertising, and Ford plans to expand its use of the social network in advertising. Reuters Facebook offered a rare peek on Tuesday at one facet of the elaborate system it uses to police its 900 million-user social network, as it attempts to keep it free of content it deems offensive, illegal or just plain inappropriate. A detailed, and somewhat confusing, chart published by Facebook on its website depicts how reports of various infractions are routed through the company and lays out all the potential outcomes, which can range from an account being disabled to Facebook alerting law enforcement. Read more

Wired Co-Founder Kevin Kelly Is Raising $40,000 for a Graphic Novel on Kickstarter

Kelly preview

No frontier is final for Kevin Kelly, the digital culture expert best known for co-founding the tech magazine Wired in 1993. For his latest project, the Silver Cord, Kelly solicited the talents of several artists and storytellers, many from his church in San Francisco, to create a graphic novel in which technology meets the afterlife. Now the author needs help raising money to get it published.

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