With the support that Yahoo! has provided, Google’s OpenSocial Foundation has gained a momentum and the backing of the most visited Website in USA. OpenSocial was introduced in October in an effort to cut time and cost of developer by letting them create a single application that works on multiple sites. The OpenSocial software is aimed to enable developers put their programs on more social networking sites.
The OpenSocial concept comes from the fact that the social media sites have gained immense popularity and are doing rather well with people across the globe. The OpenSocial foundation is formed by the 3 industry giants – Yahoo!, Google and News Corp.’s MySpace. This is a non profit organization that is formed to promote the OpenSocial technology.
The OpenSocial software can also be the silver lining for Yahoo! at a time when sales growth at Yahoo! has sloped down from 22% in 2006 to 8%. It is through the popularity of the social networking sites, Yahoo! can hope to gain a better foothold in the industry back again, especially because advertisers have found potential target audience in such sites.
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