Fark creator Drew Curtis on the innovation in internet media that will, he believes, move us all beyond the flogged-to-death concept of "crowdsourcing": "The real power in social media happens when that one person in a million comes up with an awesome idea, and those who can do so kick it to the front of the line. Speeding up this process is the next great advance in social media. Some will probably call this Web 3.0. I call it editing." But what if those editors just have the "awesome idea" of following the masses anyway and dressing up their lemminglike ways with innovation-hinting buzzwords?

The Times, on their conference call this morning: we're doing better than Yahoo, because we had (very slightly!) less advertising revenue decline this quarter! Um. You really wanna compare yourself like that? The Times had total revenue of $584.5 million this quarter (down 20% or so, by the way); Yahoo had revenues of $1.573 billion.

Yahoo! has published a style guide. "It's Strunk and White for the online world," said Arianna Huffington. They really do explain how the web works! For example, they explain how people make headlines.

Microsoft and Yahoo have agreed to a 10-year Internet search partnership. What does it mean? "Microsoft, which last year made a failed $47.5 billion takeover bid for Yahoo, finally wins what it wanted most from the Internet pioneer — huge volumes of queries that run through Yahoo's search engine. At the same time, Yahoo is expected to reap additional search-advertising business to expand its share of the market." (Yeah, I still have no idea. But it sounds important. Maybe this video will explain it.)