Yahoo will soon be entering the social networking fray with a new service that uses its 280 million e-mail subscribers' contact lists to create a base for sharing information on the Web, The Washington Post reports. Users will be able to exchange such information as comments and photographs, but their contacts will not be shared publicly, the report states. In an effort to address privacy concerns, the company has said it will give users a week's notice before launching the new features and will also provide a simple one-click function for opting out entirely. "We've been watching and trying to be thoughtful about our approach," said Anne Toth, Yahoo's head of privacy. (Registration may be required to access this story.)
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