Yahoo !, MySpace and Google will form the non-profit OpenSocial Foundation
For the organization of the community to ensure the neutrality and durability of the specification of building social applications through the web
Yahoo !, MySpace, and Google announced their agreement to form the OpenSocial Foundation to ensure the neutrality and durability of OpenSocial as an open, community-driven specification for building social applications via the web. OpenSocial support from Yahoo! and its role as a founding member of the new fund is focused on a rapidly growing specification that offers developers the potential to unite more than 500 million people worldwide.
The OpenSocial Foundation will be an independent non-profit legal entity with formal intellectual property and management structure; Relevant assets will be designated for the new organization on July 1, 2008. The foundation will provide transparency and operational guidelines around technology, documentation, intellectual property, and other issues related to the development of the OpenSocial platform.