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Twitter, the mobile messaging giant, said it had acquired RestEngine, a social marketing company specializing in emails, mainly to obtain its developers.

Facebook's record initial public offering is already oversubscribed, a source familiar with the share listing said Thursday night, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm.

The nearly bankrupt U.S. Postal Service said Thursday its net loss widened to $3.2 billion in the fiscal second quarter as revenues continue to dwindle. It also said it lacks sufficient cash to pay for required future retiree health benefits.

President Obama will get the opportunity to re-voice his support for same-sex marriage at top-dollar fundraisers with George Clooney Thursday night in Los Angeles and Ricky Martin in New York City Monday, the former which is expected to rake in millions of dollars.

Brad Pitt already has a full plate with taking care of his six children with Angelina Jolie and helping to plan a wedding with her, but his work hasn't seemed to slow down. Pitt is now the new -- and first - male face of Chanel No. 5.

While British lawmakers call Rupert Murdoch unfit to run a giant media conglomerate, shareholders might disagree. Despite recent declines, the company's stock price is up 20 percent to $19.17 in Wednesday trading from a six-month low in November and far above the $6 depths of March 2009.

Social media gives companies a chance to humanize themselves, giving fans exclusive content in return for their loyalty. It's an effective strategy, and it's helped change the fortunes of several companies on the brink of solvency.

Draw Something, the popular doodling app that was recently bought by Zynga as part of a $200 million deal in March, appears to be losing its mojo: Recent data from Appdata shows that Draw Something players are leaving in droves.

Walt Disney Co. (NYSE: DIS), the world's largest entertainment company, reported Tuesday that its second-quarter profit rose 21 percent, topping analysts' forecasts as solid results from theme parks offset a disappointing performance from sci-fi film John Carter.

An image of missing British girl Madeleine McCann was used to sell online vouchers for discounted vacations in Portugal, the country where she went missing more than five years ago.

Social networks are gateways to finding out what's popular, what's trending, and what people care about. If companies can figure out how to target younger audiences, from millennials to college students to young adults, companies can see drastic changes in their fortunes.

If in any case MySpace lasts for the next 20 years, you can count on one group watching them do it -- The federal government. The social networking site will be kept a close eye on by the third-party observer for the duration of 20 years.

Aside from a few movie posters that have yet to be taken down, there is very little trace of advertising for the upcoming film Neighborhood Watch,After FOX began pulling promos of the comedy the wake of the Trayvon Martin case. The 17-year old was shot and killed by George Zimmerman, a self-appointed neighborhood watch captain. Though the movie's plot has nothing in common with the circumstances surrounding the fatal shooting,

In a move to stay true to the 1960s, Mad Men creator Matthew Weiner paid $250,000 in licensing fees to use the Beatles' Tomorrow Never Knows in last Sunday's episode of Mad Men.

Ubisoft's next installment in the 'Assassin's Creed' franchise won't be released until Oct. 30th, but the company is beginning to entice fans with some hidden gameplay footage. A one-minute trailer for 'Assassin?s Creed 3' was released on May 7th, and if enough gamers 'Like' a post on the game's official Facebook page, the entire trailer will be unveiled.

Google has invested in Machinima according to a new AllThingsD report. The announcement was made in the wake of the company's $200 million commitment to promoting YouTube across the Google content network.

Rory Gilmore meets waaayyy too much liquid eyeliner.

The Federal Trade Commission (FTC) is apparently ready to fine search engine giant Google millions of dollars for using an invasive advertising cookie on Apple's Safari browser, according to Consumer Watchdog, who filed a complaint in February with the FTC after Stanford Researcher Jonathan Mayer identified the breach.

Zynga recently began featuring popular brands and brand-related words as choices in Draw Something. Users have been willing drawing brand-related words in Draw Something.

Reports are circulating that fired ESPN sports gambling columnist Sarah Philips and partner Nilesh Prasad were involved in an alleged fraud scheme involving T-Mobile. A T-Mobile spokesperson has just released a statement to the IBTimes regarding the Sarah Phillips alleged fraud scandal.

On May 3rd THQ announced that a new expansion for ?Saints Row: The Third? is now in development. Called ?Enter the Dominatrix,? the upcoming DLC will have a release date slated for the fall, according to the Saints Row official website.