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Re:Google Introduces Facebook Competitor, Emphasizing Privacy by niktech on Tuesday June 28, 2011 @09:25PM (#2708055)
I actually own the domain NewCircles.com and was working on an idea very similar to what Google has done here (including group video chat) but with emphasis on users finding and joining NEW circles instead of just organizing existing friends into circles. Think Meetup mashed with Facebook with a dash of Chatroulette.

After this announcement I'm not sure if I should continue working on my project...

Re:Google Introduces Facebook Competitor, Emphasizing Privacy by akkartik on Tuesday June 28, 2011 @09:39PM (#2708082)
No comment on whether you should continue, but this would be a poor reason to give up.
Re:Google Introduces Facebook Competitor, Emphasizing Privacy by Kliment on Wednesday June 29, 2011 @07:54AM (#2709136)
It increases the likelihood of google acquiring you if you do it well, if anything.