Yahoo, Google and MySpace plan to further compound their OpenSocial initiative with another initiative, the OpenSocial Foundation. OpenSocial is a widget platform Google first announced last fall when Facebook seemed poised to "take over the world" with its own platform. After the announcement, Google rushed OpenSocial into development and completed — sort of — a beta version earlier this year. The foundation proposal calls for 501(c)(3) tax-exempt status and protection against patent challenges. Ah, so this is really about getting donors to pay Google's legal bills!

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