Today in Tech: News around the Web

October 7, 2010: 8:21 AM ET

A round-up of the companies, deals, and trends that made headlines.

Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.

"AMD is not for sale, but we are happy to listen to any proposal which is in the interest to our shareholders." -- Dirk Meyer on Oracle's interest in acquiring chip-making companies. (Reuters)

Former Hot Potato CEO Justin Shaffer (center) and Facebook CEO Mark Zuckerberg (right). Photo: Bloomberg

  • At Facebook's event yesterday, the company discussed its revamped Groups feature, which will allow users to split up their friends into customized groups and select which aspects of their profile each group can see. Former Hot Potato CEO Justin Schaffer is heading up the new Groups effort. Also unveiled: a dashboard feature that will let users monitor information-sharing settings from third-party apps and the ability to export one's profile into a compressed zip file. (The New York Post and Tech Crunch)
  • PayPal will launch a "digital goods optimized product," or a payments technology for micropayments, at the company's upcoming developer conference, Innovate. According to TechCrunch, the new product will include specialized payment support for micropayments for online video, music, games (including the sale of virtual goods and currencies), paid content, books and software. Apparently, PayPal wants to replicate online the traditional act of putting another quarter in a gaming machine to continue to play a game. (TechCrunch) More
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