Facebook, rumored for some time to be planning its own email service, may finally be on the verge of doing so in a move that would send a shot across the bow of Google, Yahoo! and Microsoft.
Sources believe that the social network plans to announce a Web-based email service complete with @facebook.com addresses at an event in San Francisco next week.

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According to Techcrunch, Facebook's planned Web-based email service is part of a secret project known as "Project Titan" that is "unofficially referred to internally as its 'Gmail killer.

Facebook boasts more than 500 million members around the world and offering a personal email service would lay down a powerful challenge to the established email giants -- Microsoft's Hotmail, Yahoo! Mail and Google's Gmail.

Why Facebook Email Service will be a killer:-

- It has a potential instant size.

- It has a natural advantage at making mail more useful by showing you the email you are actually interested in.

- Since Facebook knows how you interact with all your contacts, they would be able to perfectly separate what is important from what is not.

 

Facebook and Skype are working on a deal that would integrate Facebook Connect with Skype accounts, according to reports.

 

The deal, which is expected to be announced in the next few weeks, would enable Facebook users to have a voice chat and video chat with their Facebook friends using Skype services, according to the Wall Street Journal reported.

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Once you connect Skype (Skype) with Facebook (Facebook), you’ll be able to SMS, chat with or call your Facebook friends directly from Skype. You should also be able to log in to Skype with your Facebook credentials

Similarily to AIM, the new features should go live on Skype 5.0 when the new version goes out of beta in a couple of weeks.

According to analyst, "Facebook is all about communicating with friends, but they've fallen behind other services, like Google and Yahoo, when it comes to things like audio and video chat. Skype is a mature and fully featured service that can give Facebook even more functionality than their competitors."

If the rumored move comes to fruition, Facebook would be firing back at Google, which announced last month that it would offer the ability to make phone calls over the Internet via its popular Gmail service.

Google's move was a blow to Facebook, whose core service is pulling in users who want to connect online. It also was a slap at Skype, which has long dominated the market for Internet phone service.

However, if the new deal goes through, both Facebook and Skype would be able to compete vigorously against Google.

"There's a lot in this deal for Skype," Olds said. "It would open up their service to all 500 million Facebook users and give them an easy way to get used to using their computers as phones or video phones. Skype offers computer-to-computer communications for free, but there are a lot of users who will opt for a paid account and the ability to call regular landlines, too. This could generate a large set of new paid accounts for Skype."

You can continue to be informed on skype page on facebook. http://www.facebook.com/Skype

Apple of recent decided to make all the critics of its social network service PING go silent when it upgraded it with music posting features.  This feature has truely raised it's social networking hooks that could make it wildly successful.

Ping now allows users to both post the music they're actually listening to and "like" other music that friends/colleagues/random internet strangers are listening to. It's a simple tweak that's made easily accessible via a sidebar that pops up within iTunes whenever one starts rocking out to a song. Read More
Provided Ping/iTunes can recognize the song in question, the service will immediately ask you whether you want to "like" the track you're listening to—which automatically posts it to your Ping feed without any further input required—or whether you want to post the track to your feed with the option of leaving additional comments to accompany it. That's it.

According to critics, ping has only one problem "it's being locked to iTunes only". However the update done update is a solid first step to revive Ping from its early grave.

From PC Magazine

Social networking site Twitter announced Thursday morning that it will launch its own URL-shortening service, and start tracking how individual users use the web.

Millions of Twitter users woke up on Thursday morning to a personalized email from the micro-blogging website.

While also making changes to the way users' passwords are handled, Twitter also announced the formation of a new URL shortening service that they've dubbed t.co. Set to compete directly with other URL-shortening services like tiny.url and bit.ly, t.co will allow twitter users to compress extremely long web links into shorter, easily sent packages. Read More

It's also going to be more secure.

"When you click on a wrapped link, your request will pass through the Twitter service to check if the destination site is known to contain malware, and we then will forward you on to the destination URL," the email reads.  



Twitter also said that it will start tracking which sites users access through the t.co clicks, and use the data to "provide better and more relevant content to you over time."

The move is likely another attempt by the social networking site to boost its revenue stream, as the company is often criticized for not having a solid business model.

Facebook introduced yet another exciting feature of you connecting your AIM & Facebook account so that you can stay tuned in to whats  going on in your  friendly circle.

The feature allows you to:-

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-    Get all your Facebook friends’ updates
-    Chat with them through your AIM all the time.
-    Comment, like and update your facebok status instantly.
-    Get  your social network updates with lifestream tab in Aim.

Download the New AIM software ...DOWNLOAD AIM

Like they said “Don’t be the last person to connect  Facebook & AIM!