Company Sues Former Employee for Value of 17,000 Twitter Followers [VIDEO]

Noah Kravitz left his former employer PhoneDog in October 2010 on good terms. Now the company is suing him for $340,000 for the 17,000 followers he kept after he left the the position, valuing each follower at $2.50 per month over a period of eight months. Kravitz told the New York Times that PhoneDog told him he could keep his followers, as long as he continued to Tweet about the company

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Company Sues Former Employee for Value of 17,000 Twitter Followers [VIDEO]

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Morning Spy: Social Networking Company Makes an Acquisition (QPSA …

Social Networking Stocks (up 2.8%, see graph): Shares of Quepasa (QPSA) are leading the Index higher after the company announced that it has executed a definitive agreement to merge with Insider Guides, a company …

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Government Uses Social Networking Sites for More than …

In the midst of recent controversies over Facebook’s privacy settings, it’s easy to forget how much personal information is available from other sources on the Internet.

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Social Networking Watch: Facebook CEO Interviewed On IPO, Lawsuit …

MASHABLE – July 22 – In an interview that aired last night on ABC’s World News with Diane Sawyer, Facebook CEO Mark Zuckerberg talked frankly about an upcoming IPO, the Facebook movie, a shady lawsuit and much more. As far…

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Social Networking Watch: Facebook CEO Interviewed On IPO, Lawsuit …

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Yelp CEO Denies Extortion Scheme

Yelp CEO Jeremy Stoppleman has just released a passionate statement denying all wrongdoing on Yelp’s part, addressing a class action lawsuit filed on Tuesday that purports that Yelp is running an “extortion scheme.” In the statement, Stoppleman begins by addressing “the long history of people accusing Yelp of monkeying around with reviews,” and then follows with strong assertions that the company “would never do anything to jeopardize” their trust with users. He then concludes that Yelp will fight the lawsuit “vigorously, and we are confident we will prevail.” The core of Stoppleman’s argument hinges around Yelp’s never-ceasing efforts to maintain the legitimacy of the site and its prized user reviews. To that effect, Stoppleman writes: “The reason 29 million people used Yelp last month to find a great local business is because of the trust they place in the reviews on our site

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Yelp CEO Denies Extortion Scheme

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