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In May 2009, the cyberspace was thrilled when Google had launched Google Wave as a tool to revolutionize the way people communicate.

The elation, though, lasted only for 14 months as Google announced that it will discontinue the service. One of the main reasons as assessed by analysts on why the service ended too soon is because it is too complicated. The fundamental design of the service is to allow association among different users via instant messages, documents, drawings, task lists, calendar and many more. But the service is not easy to appreciate and has proved to be confusing to several users who are comfortable to the plainness of other social networks.

Google CEO Eric Schmidt said that one of their policies is to try things out and they rejoice with their failures. However, some economic analysts do not believe in a similar way.

A few weeks ago when Google announced to the public its second-quarter revenue this year, advised that the company was too expanded and as a result it is losing ground in the search market.

And there are more potential justifications for the termination of Google Wave. The company is launching its computer operating system "Google Chrome OS" based on the same principle: "Our computer activities are conducted mainly within the browser and no longer on the desktop."

Simultaneously on the Internet, there are many buzz that the company might be working on a social network like Facebook called "Google Me."

This plan, according to speculations, could slot in elements of Wave and Google Buzz, the social platform mail service Gmail.

Facebook is bound to undergo yet again another revision to its privacy policy. Michael Richter, the Deputy General Counsel for Facebook, mentioned on its article of Facebook blog on Friday that they will be proposing another major change on Facebook's Privacy Policy and Statement of Rights and Responsibilities. The decision from Facebook is in line with the social networks' way of improving some of their structure and at the same time, to give way to some new products.

Mentioned on the Facebook blog are some of the key areas that will undergo changes and modifications. First is location as they are planning of adding a location to their posts and status updates.

And since the main reason why social networks such as Facebook were created is for people to share and connect with each other, an improvement will be done in such a way that how connection is presented on the profile will be controlled by the user and this time, language will be added to make it even clearer. Facebook also made connecting with your friends and to other people possible through their games, applications and third-party websites.

Facebook changes for the better because they want their users to have an extra-ordinary experience that will never be possible to other social networking sites. With that, Facebook strives for its unending dedication and research to provide satisfaction and good service not only to individual users, but also to small and medium industries that use the web in promoting and marketing their business online.

We will inform you as Facebook announces important information and data regarding this revision.