Thanks for the add, MySpace.
OpenSocial allows developers to create widgets that users can add to their profile pages. Instead of developers learning multiple APIs (application programming interfaces), they only need to learn one and can develop widgets to use across various sites. The move comes months after Facebook revolutionized the social-networking industry by opening up its site to third-party widget makers.
The Facebook move sparked the inspiration of developers big and small. Shortly after Facebook's May announcement, companies like Amazon.com
The attention worked wonders for Facebook, ultimately winning it a Microsoft
With battle lines drawn, Google has plenty of reasons to hop on the coattails. History is on its side. It wasn't the first search engine. It wasn't the first provider of paid search. However, Google has been able to trounce Yahoo!
Google is doing it right. It could have limited OpenSocial to its Orkut social-networking site, but it's too clever a copycat to settle for a lay-up when a slam dunk is in order. Landing the non-Facebook leaders like MySpace, Bebo, and Hi5 will give OpenSocial a wider audience that may draw more developers.
It won't make Facebook irrelevant, but it should steal some of the valuation thunder that continues to build at the campus-friendly hotbed of Facebook.
So was Google truly interested in outbidding Microsoft for a piece of Facebook? One could argue that Google was just setting a trap, getting Mr. Softy to overpay for its stake before pulling the valuation rug out from under Facebook.
Nice mousetrap, Google. Again.
More Google cheese:
Microsoft has made the cut as an Inside Value stock pick. Yahoo! and Amazon.com are Stock Advisor recommendations. So many newsletters, so little time? Don't worry. You can check them out for free for the next 30 days with trial subscription offers.
Longtime Fool contributor Rick Munarriz remembers when social networking really was a social network. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. He does not own shares in any of the companies in this story. The Fool has a disclosure policy.
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