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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 12, 2026

1

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 12, 2026

Today in Tech: RIP, Friendster (sort of)

By
JP Mangalindan
JP Mangalindan
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By
JP Mangalindan
JP Mangalindan
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April 27, 2011, 6:30 AM ET

A curated selection of the day’s most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.

  • Remember Friendster? The social network pioneer which launched in 2002 and lost ground to MySpace and then Facebook, is deleting all user-uploaded photos, blogs, comments and groups — effectively killing off its roots — repositioning itself as a social entertainment site, and focusing on Asian users. Not quite the death of Friendster proper, but certainly the end of Friendster as we know it. (TechCrunch)
  • Amazon’s recent spending on warehouses and data centers showed in first-quarter profits that surprised analysts by missing expectations: profits fell 33% to $201 million compared with a year ago. (New York Times)
  • Why Fox, Paramount, and Disney are holding out on YouTube’s movies-on-demand service. (The Wrap)
  • AOL, or should we say Patch, wants to recruit 8,000 — yes, 8,000 — bloggers to bolster its hyperlocal news sites around the country within the next eight days. Update: these blogging spots are likely unpaid. (Forbes)
  • In comparison to Patch’s recruiting spree, Facebook’s hiring plans sound downright pokey. The social champ will expand staff in its new Menlo Park headquarters to 9,400 over the next six years. (Currently, Facebook has around 2,000 employees worldwide.) (MercuryNews)
  • The PlayStation Network remains offline thanks to a data breach.

    Not only does the PlayStation Network remain down and out thanks to some potent hacking, but now Sony says the hacker stole personal information belonging to 77 million users, including names, addresses, login and password credentials, password security answers, e-mail address and birth dates. The company still isn’t sure about whether credit data was taken, too. (eWeek)

  • Altimeter Group principal and analyst Brian Solis weighs in on the curation economy and the “3C’s” of information commerce. (Brian Solis)
  • Digg founder Kevin Rose, who Fortune recently caught up with, raised $1.5 million for his mobile Internet-focused start-up, Milk. Investors include TechCrunch’s Mike Arrington, Ron Conway, Evan Williams of Twitter, Ashton Kutcher, Tony Hsieh, and Matt Mullenweg. (TechCrunch)

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