Yahoo Joins Google and Others in Nonprofit Technology Venture
March 26, 2008 | Read Time: 1 minute
Yahoo announced Tuesday that it would join with MySpace and Google to form the Google-initiated nonprofit organization called the OpenSocial Foundation, reports the Associated Press. The nonprofit group intends to create a common coding standard for photo-sharing and other social-network tools that work across the Web.
The companies believe that a nonprofit group overseeing the new photo-sharing platform, which will be available starting July 1, can provide maximum transparency as well as guidelines around technical and legal issues, and can ensure that intellectual-property assets remain available to everyone.
Other participants in OpenSocial include Friendster, hi5, LinkedIn, Ning, and the Google-owned Orkut and Bebo.
