1. Four senators address Zuckerberg and Facebook about privacy. Funny thing - I think a lot of politicians agree with the "ask forgiveness not permission" motto.
2. Facebook edges Google out as the "Web's most important company." Facebook had already edged out Google in terms of traffic (at least for a week). Open Graph puts it in a whole new league.
3. Social media has a postive effect on advertising. Study shows significant correlation between ad recall, awareness, and purchase intent with social media advocacy.
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