Google introduces Google Beat, a YouTube channel to showcase the most popular searches of the week.
Google has purchased Angstro, a company that finds accurate information about people you know, and not people with similar names. To see all previous acquisitions Google has made, check out this inforgraphic.
New technology, EmoRate, uses a wireless headset and facial recognition software to determine how videos make you feel. It's currently being used to index and actually search for videos just by facial expressions.
Facebook competitor Diaspora will launch on September 15th.
First Facebook wants to trademark the suffix "book", naming Teachbook, a little-known networking site for teachers, as taking advantage of the "generic plus BOOK" formula to create a plethora of networking sites. Now Mark Zuckerberg wants to register "Face" also. This could be an issue, since Apple owns the trademark for Facetime.