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“So far, every time the Web has matched up against a proprietary alternative, the Web has prevailed.”
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“Project Beacon” is an internal project that will allow Facebook to gather buying information about its users on third party ecommerce sites, in exchange for free advertising in the news feed from those third parties.
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“Why couldn’t this all be based on microformats and other existing open standards?”
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“The building blocks that are already in place and the ones to come are going to be remixed to create new web applications that were simply not possible before.”
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