For social media / internet marketing junkies like me, social media marketing and tech news is like a (safe) drug: We crave it, we always want more, and we love to share it. So yesterday, then, was a heavenly overdose we won't soon forget. In case you missed it, here a brief review and analysis of yesterday's highlights, in what I believe was truly a historic news day in social media: 1) Bit.ly offers to save tr.im, who rejects their help and asks for 80-100K to sell the site and data outright. This is significant for a number of reasons. Most important, there is pretty intense debate over whether short links, used to share and track links on Twitter and elsewhere, are good or bad for the internet. We know they're good, for marketing that is, and blogged yesterday about our new favorite, awe.sm. [Breaking: as of 8/11 @ 4pm, tr.im appears to be back up and fully functional]
2) Facebook buys Friendfeed. They only spent, oh, $50 million to acquire the talented engineers and infrastructure behind our favorite social network / activity aggregator / conversation organizer. This is arguably the number one story of the day, as this acquisition will likely help Facebook innovate even more and grow even more than they have in their 5 short years of existence.
3) Facebook unveils its new search product. This move, in conjunction with Facebook's acquisition of Friendfeed, make Facebook the real winner in the day (year? era?) and positions Facebook to destroy Twitter and take on Google. The ability to search your own social graph for advice, product recommendations and help, could seriously impact the search world of Google, Bing, Yahoo etc. And if only 10% of Facebook's 250 million + users begin to "share with everyone", public Facebook profile search, combined with searching Facebook Fan Pages, will outdo Twitter search in a short time.
4) Google unveils its secret new search product. The day's most talked about story was the final story of the day, as Google revealed a faster, more efficient search product to better produce "real-time results". This will surely stave off Bing, Microsoft's new and growing search product - but is it enough to compete against rapidly-gorwing Twitter and moreoever against rapidly-innovating Facebook? I say no. Time will tell.
So there you have it. If you also crave stories like these, keep your eyes peeled on Mashable, Tech Crunch, AllFacebook, and Inside Facebook, my favorite sources for up-to-the-minute info. Or stay tuned here for more!