GROU.PS is a social network platform that lets users create their own custom social networks. The company has acquired Social Project from MTV Networks. As part of the deal GROU.PS now owns the company and their users. MTV will keep the Flux social media publishing platform. The financial details of this deal were undisclosed. Social Project used to be known as Tagworld. MTV bought them out in 2008. GROU.PS has 5.5 million users and is used in about 160,000 global networks. [TechCrunch]

For those who like snapping photos and sending them know what a pain it is to do it on MMS and email.

Instagram allows the user to take a picture with their iPhone, and then share it over Twitter, Tumbler, and Flickr. It also has its own social network so that you can follow other Instagram users via photo feed, and you can see what other photos are popular.

Best of all, the App is free. Looks as much fun as PhotoFace.

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The Social Network movie, directed by Aaron Sorkin opened this past weekend and pulled in $23 million for ticket sales. Critics have been giving the movie rave reviews and one critic even compared it to Rosebud. Sony had a strong marketing campaign for the movie, which helped a lot. Rory Bruer, Sony head of distribution expects the movie to bring in about $100 million. [TechCrunch]

Justin Timberlake, star of The Social Network movie and pop sensation was on Jimmy Fallon’s show this past week. Fallon and Timberlake decided to perform a rap song medley. The clip instantly went viral and spread across the Internet at a rapid pace.

The Roots performed the background music and some of the songs that were performed include:

- Sugarhill Gang – Rapper’s Delight
- Run DMC – Peter Piper
- Beastie Boys – Paul Revere
- Digital Underground – Humpty Dance
- 2Pac – California Love
- Eminem – My Name Is
- TI Featuring Rihanna – Live Your Life

[PopCrunch]

Remember all of those rumors we had about a Facebook phone? And how it will do Android?

Now the rumors are going around that “The Social Network” is working with mobile phone maker INQ Mobile to come up with a phone that will make Facebook even more awesome to those that love it so! Considering that the INQ1 had very tight integration with Facebook, this could be the Facebook phone.

If this is true, then these devices should hit Europe in the first half of 2011 and then hit the US in the second half.

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