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As part of a partnership with Facebook announced last December, Yahoo will begin allowing users to view their stream of Facebook updates - which Facebook calls the "news feed" - from Yahoo.com...
Yahoo also plans to rename its existing Yahoo Profiles service, currently a hub where users can connect to other Yahoo users and can post information about themselves. Yahoo Pulse, as the service will be called, will offer tabs for different social networks, initially allowing users to switch between their Yahoo and Facebook networks, these people said. Yahoo plans to integrate other social networks too...
Unfortunately this WSJ article doesn't (and probably can't) disclose its sources, so the text is full of cryptic refernces such as "these people said". Neither Yahoo! or Facebook have many any official comment, affirming or denying.
The rumor mill I listen to expects to see this tomorrow - Monday June 7, 2010.
Social networks have seen explosive growth in recent years. As the place that 600 million people visit every month, Yahoo! is in a unique position to bring together different social experiences from across the Web to a single place. This vision has been our guiding principle since we kicked off our Yahoo! Open Strategy (Y!OS) initiative in 2008 and started to rewire Yahoo! to be more open and social.
Today this vision is really coming to life in the Yahoo! products you use every day. We are starting to integrate Facebook in a big way, a result of the agreement we first signed with Facebook last December. People who use Yahoo! and Facebook can now link their accounts to view and share updates with friends across both networks. This means you can see your Facebook News Feed from your Yahoo! homepage, Yahoo! Mail, and other favorite Yahoo! sites and services. When you create and share content on our properties – including Yahoo! News, Yahoo! Sports, Yahoo! Answers, and many of our entertainment sites, such as omg!, Yahoo! TV, and Yahoo! Music – you can share that content on Facebook.
I go to Facebook dot com when I want to do Facebook stuff. This is a bit ridiculous.