RenRen is often described as the "Facebook of China". This giant social networking site is now seeking an IPO that could place its market value at $5.1 billion. The RenRen IPO is located at the intersection of two tech sweet spots: China and social networking.

Even though two-thirds of the Chinese population has yet to go online, there are still over 450 million users in the country. RenRen would be the first major social networking site to go public in an investment climate that favors the trend. RenRen also operates a daily deals site called Nuomi, and an online games site. However, some critics are claiming that RenRen and other Chinese internet stocks are in a bubble and don't deserve the lofty valuations. RenRen has significantly fewer users than Facebook, for example, with 117 million users to Facebook's 500 million.

Oxford Dictionary has started including words related to the internet.
Words such as "trackpad" (touchpad) OMG (Oh My God), LOL (Laugh Out Loud), sexting, and others were added. Though it is not known how the general public will react to this new inclusion, experts from Oxford Dictionaries say that the influence of the internet on the English Language is increasing. Other words that have been added are onliner (an internet user) and other internet related words that are commonly used such as "cybersecurity".
In the beginning of June, more internet related words such as "twittersphere" and "newb" were added. Twittersphere refers to a group of people sharing a post in Twitter and newb is short for newbie. More such terms will probably be added in the future and test English Language's flexibility.

There is a growing demand among school leaders and educators for Web 2.0 design tailored for classroom learning. Levels of use have improved since 2009 across several categories of Web 2.0 tools, including online social networking.

However, concerns remain about student safety and lack of teacher knowledge about how to use Web 2.0 technologies effectively, and these remain barriers for many school districts. These are areas where improvement is needed to ensure that school districts can meet the individual learning needs of the Net Generation. Research indicates that where teachers are incorporating Web 2.0 technologies effectively in the classroom, they are seeing positive outcomes. District size has been a factor in teacher's attitudes toward Web 2.0 technologies, with larger district size equating to a more positive attitude toward the new tools.