MySpace hijacking, ePlanet’s fund, SpaceShipOne & Anderson’s abundance

(Updated with clarification from ePlanet)

Myspace loose with email confirmation — Did you know that someone can sign up as you on MySpace, using your email address?

If you’re not already using MySpace under the email account, then someone can come along and use it to create an account there, and assume your identity. Auren Hoffman, owner of online reputation company RapLeaf, demonstrates this, using the example of signing up ValleyWag’s Nick Douglas.

EPlanet Ventures raises $550 million venture capital fund — This is the global firm, run by Asad Jamal, which used to be affiliated with Draper Fisher Jurvetson. But the two firms split last year, after differences, mentioned here. (Clarification: EPlanet Ventures has since told us it has not fully finished raising the fund. It would not say how much it has already raised, or when it would make an announcement.)

Google acquires replica SpaceShipOne — The ship (pictured here) won the X Prize, and a copy is being installed at Google’s campus.

Chris Anderson, who penned “Long Tail” now pitching “Economy of Abundance” concept:

The basic idea is that incredible advances in technology have driven the cost of things like transistors, storage, bandwidth, to zero. And when the elements that make up a business are sufficiently abundant as to approach free, companies appropriately should view their businesses differently than when resources were scarce (the Economy of Scarcity). They should use those resources with abandon, without concern for waste.

(via David Hornik)