Techcrunch

It seems Google is closing corners to launch its social networking initiative - Google Me, a Facebook competitor. With its latest move - acquisition of Slide Inc, a social widget makes, clearly indicates the head path of the company. Slide Inc develops applications and virtual goods for Facebook, MySpace and other websites.

The web has erupted with a wave of rumors about a new social networking service created by web giant Google. Bloggers are saying the service (which is tentatively called "Google Me") will be in direct competition with Facebook. But is it really a rumor or Google, known for its direct competition behavior and aggressive style of promotion, is working with closed door for its upcoming portal ?

It seems that business war between Google and Apple is accelerating with multi folds. Still iPhone vs Android discussion are not over and now Google seems to be all set to challenge the supremacy of Apple in the Digital Music world....