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1. Facebook Takes Another Step Towards IPO

November 24th, 2009 | by Ben Parr

“Facebook, now worth $9.5 billion and rising, may have just taken its next step towards what many believe to be the company’s inevitable IPO. Just as Google did when it went public in 2004, Facebook has opted to adopt a dual class stock structure….”

2. Toys”R”Us Explodes on Facebook With Black Friday Preview

November 24th, 2009 | by Jennifer Van Grove

“Black Friday tends to bring out the animalistic side of shoppers looking for great bargains. Smart retailers are hip to the craze, which has been somewhat of an internet meme ever since October, and they’re using the web and social media as platforms to generate even more interest. Toys”R”Us appears to have found the magic formula for not only building buzz but gaining thousands of Facebook fans by the day…”

3. STATS: Xbox Live Generates One Million New Users for last.fm

November 24th, 2009 | by Barb Dybwad

“Last week Microsoft rolled out a long-awaited social networking integration to the Xbox 360 console that included support for Twitter, Facebook, and CBS-owned social music site last.fm. The early reports are coming in about adoption of the new update, and last.fm is reporting they saw a whopping nearly one million new users sign up for the service via Xbox Live in the U.S. and UK…”

4. Cashmore: Block Google and consumers will lose

November 25, 2009 | by Pete Cashmore

“If Rupert Murdoch gets his way — and he’s not simply bluffing — you may one day need to “Bing it” rather than “Google it” to find news stories online.

Murdoch’s News Corp., which owns the Wall Street Journal and New York Post, among others, reportedly has discussed with Microsoft a plan to remove its newspaper content from Google’s search results. If it’s enacted, news consumers would have to head to Microsoft’s Bing to find stories from some of the world’s biggest news sources…”

5.  Google Profiles Turn Into OpenIDs

November 25, 2009 | by MG Siegler

“As part of its push to go more social, Google has been attempting to unify its various account profiles into one Google Profile. And now it’s more useful. Google’s Brad Fitzpatrick has just tweeted out that Google Profiles can now be used as OpenIDs.

What this means is that you can sign into any site that accepts OpenID simply by using your Google Profile domain. Luckily, a few months ago Google started allowing these profiles to have vanity URLs, like /mgsiegler, instead of the previous /32090329039402903. Chris Messina, a huge proponent of the open web movement, has just sent out a picture of what signing in with OpenID via your Google Profile looks like…”

6. Facebook Marketing: IKEA’s Genius Use of Photo Tagging

November 25th, 2009 | by Christina Warren

“We talk a lot about how big brands are embracing social media as a mechanism to connect directly with customers. Still, it’s much easier to talk about integrating social media into your brand than it is to actually do it.

That’s why IKEA’s recent Facebook campaign is so awesome. The Swedish furniture company opened a new store in Malmo, Sweden and rather than spread the word the old-fashioned way, they decided to go directly to the people using Facebook…”

? Got your own idea for the ‘Social Media Story of the week’ ?

then post it in the comments.

Voting for the weeks stories begins every Friday evening.

Lochnload.

This is going to be a new series of posts – one per week.
What do you think is the Social media story of the week ? Post it in the comments section and, every Friday, the best stories will be chosen for the ‘story of the week’ – weekend Poll.

Our choice for this week comes from mashable (and others)….

Twitter and Facebook Come to Xbox Live

November 12th, 2009 | by Barb Dybwad

“According to Major Nelson, the new Dashboard Update will be going live to everyone next Tuesday, November 17. The update also includes a new Zune video area that picks up where the Xbox Video Marketplace left off, adding the ability to stream a number of purchases instantly instead of having to wait for them to download….”

Social media by definition is a social platform and the introduction of a new (and in the case of xbox) massive user base to the party, is in our opinion, worth the ‘social media article of the week’ mantle.

From Twitter to TV: Sh*t My Dad Says Gets CBS Deal

November 9th, 2009 | by Barb Dybwad

Another mashable story. This time about the owner of a twitter account @ShitMyDadSays getting a television deal on top of the book deal he already has.

For those people how don’t know, @ShitMyDadSays tweets the funny stuff his live-in 73-year-old dad says. Apparently Will & Grace creators, David Kohan and Max Mutchnick, will produce the show.

Mashables list of the week can be found here -  http://bit.ly/1zx6DN

Of course, you may have other ideas so tell us about them in the comments….