Well, here’s a good reason not to write off Joost quite yet:

When it officially debuts its new Web-based service in mid-October, the London-based company will have some pretty hot content with its half-dozen seasons of the former NBC hit, “Friends.”

Also, there will finally be no more irksome plug-ins.

There will also be cooler social-networking elements.

While all this is not going to make up for the lost time the online video service has wasted with its annoying P2P-based desktop client download, going to a Web-based, all-Flash service with more robust content is certainly the right way to stop rival service Hulu from continuing to clean Joost’s clock.

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The money continues to dribble into Facebook, it seems.
The Samwer brothers of Germany have agreed to invest $10 million to $15 million in the hot social-networking site, a development which was first reported by Reuters and TechCrunch.

It feels like an awfully small amount to garner a key Facebook relationship in the important European market, so [...]

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CBS’s “60 Minutes” will air its Facebook piece on Sunday, and BoomTown is curious to see what take the iconic new magazine show will have on the hot and hyped social network and its founder, Mark Zuckerberg.
In clips it has released, Zuckerberg tells veteran correspondent Lesley Stahl that its stalkerish ad product Beacon–a half-baked ad [...]

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Let’s be clear on one thing: We won’t be getting any financial information out of the company about Facebook’s performance or the slate of its shareholders until it’s good and ready to hand it over.
That’s because, although it has been widely reported, the hot social network will not fall under the Securities and Exchange Commission’s [...]

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While a lot of people were beginning to doubt Facebook’s ability to raise more money after getting a lofty $15 billion valuation following a $240 million investment from Microsoft last month, it seems the stakes are not too high for Hong Kong billionaire Li Ka-shing, who has made an investment of $60 million in the [...]

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