Coming Soon - Open Social Networking

News from informationweek.com

Google, MySpace, Yahoo Forge OpenSocial Foundation

Google (NSDQ: GOOG), MySpace, and Yahoo (NSDQ: YHOO) on Tuesday said they have agreed to form a non-profit group that would govern the development of a standard application programming interface that developers could use in building software for supporting online social networks.....

.....Google, MySpace and Yahoo have agreed to contribute technology to the OpenSocial Foundation under a "no assertion covenant," which means they won't seek to enforce any patents on the intellectual property, representatives told reporters during a teleconference. All companies joining the foundation would be expected to contribute technology under the Creative Commons copyright license.