This week we have Chris Saad, VP of Strategy at Echo. Sean Percival and Judalina Neira host This Week in Social Media and Mike Bracco reports on the latest news.

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TOPICS:

.CO Domains released this week. Did you buy yours? Relavent?

Flipboard is a social media aggregator for iPad that formats to a person magazine. Watch the video

INTERVIEW:

Chris Saad, VP of Strategy at Echo

NEWS

Story 1 -Did Facebook founder give up his ownership stake

A contract that Facebook Founder Mark Zuckerberg allegedly signed seven years ago may cost him his ownership stake in the company. The contract granted a New York businessman the outlines a 50% ownership stake back when Facebook. The claim was that he hired Zuckerberg back in 2003 for two separate ventures – one of which was Facebook.

Story 2 -Raptr Leaves Beta, Makes It Easier To See Which Games Your Friends Are Playing

Social networking for gaming service allows you to track what games your friends are playing and share your gaming play and achievements on social networks.

Story 3 – MySpace and MTV Will Livestream Comic-Con Celebrities

Comic-Con was founded in 1970 and originally showcased comic books, science fiction/fantasy and film/television but has expanded over the years to include a larger range of pop culture elements, such as horror, anime, manga, animation, toys, collectible card games, video games, webcomics, and fantasy novels.

MySpace and MTV are teaming up to stream live videos of interviews during Comic-Con this weekend. The programming will stream at MTV.com and the MySpace Comic-Con page starting Thursday, July 22 at 12 p.m.

MILESTONES

Facebook Reached 500 million users

Tumblr Top 50 site in US (Quantcast), 4.5m posts/day, 1.5b page view month

Foursquare 100 million checkins, now at 1 million checkins a day
Great Moments In Social Media

Kid trades up from cell phone to porsche

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