This Week in Web News

I’ve been very much preoccupied with my web conference, Appfrica, so I haven’t blogged much lately but there’s been some really big shakeups this week in the Web sector.

The biggest is the announcement that Flickr co-founders Caterina Fake and Stewart Butterfield have decided to leave the company they sold to Yahoo! in 2005!  This is big, not only because they’ve been pretty adamant about staying involved with their pet project but because Yahoo! is in the middle of formulating new strategies to appease angry shareholers after that much publicized Microsoft acquisition failed.  They’re also under increased pressure to breathe life back into their stock which has also suffered in the wake of that same deal.

Technorati announced some new funding, no doubt related to the longtail business model they just unveiled.  Technorati essentially plans to allow bloggers and publishers of all levels of popularity to sell ads.

The Huffington Post is also making a major step towards becoming an even bigger news media outlet.  They intend to compete in localized news markets initially offering a Chicago, Illinois portal and eventually expanding to include other regions of the country. This is apparently part of a larger strategy to move beyond solely political blogging, which has obviously been critical in this election year.

“We are aspiring to be a newspaper in that we want to covering all news [sic], not just the political blogging the way we began,” Huffington said.

I’m almost certain this will either lead to acquisition offers by the major media news outlets who are (or should be) afraid of Huffington’s growing dominance on the web.

Lastly, Facebook surpassed Myspace to become the most popular social network worldwide. Considering it was valued by analysts at over a billion dollars only a few months ago, this adds more validity to speculation that Facebook will file for an IPO and go public soon.