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"Welcome to this week\u2019s edition of \u201CWhat\u2019s Hot in Social Media,\u201D a series in which we revisit the week's most popular stories concerning social networks.\nWe\u2019re keeping our eye on three interesting developments this Thursday.\nFacebook Brings Facial Recognition to Photo Tagging\nFacebook released a new feature, Tag Suggestions, that automatically suggests whom users should tag in photos based on facial recognition technology. The feature will begin rolling out to U.S. users next week.\nChina Launches Communist Version of Twitter\nChina launched a state-sponsored, Twitter-like service called Red Microblog Wednesday, the first step in a plan for local governments to master new media.\nWikiLeaks Founder Julian Assange Released on Bail\nMet with cheers from inside and outside the court, WikiLeaks founder Julian Assange was granted bail Tuesday, with conditions that include a curfew, an electronic tag and surrendering his passport.\nFacebook on Track for $2 Billion in Revenue in 2010\nSources close to Facebook financials say the social network is close to reporting revenues of $2 billion for 2010, more than double what the company pulled in last year.\nTwitter Enables Smaller Brands to Advertise\nTwitter released a new version of its Business Center Wednesday, which includes a form that lets all businesses \u2014 rather than select partners \u2014 apply to advertise via Promoted Tweets, Trends or Products.\nYouTube Launches Front Page Redesign\nYouTube has rolled out a new site design, transforming its homepage into a giant newsfeed.\nBlogging on the Decline, Study Reveals\nAccording to a recent study from Pew, blogging is largely on the decline among teens (down 60% since 2006), although those between the ages of 18 to 33 are blogging slightly more than they were four years ago."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2010/12/16/facebook-twitter-wikileaks-youtube/>