Google rumored to take on Facebook with “Google Me”

As with the recent leak of supposed Microsoft Windows 8 documents, a new rumor has set the tech world aflame.  This time, the subject is Google’s supposed plan to take on Facebook with their own social network, “Google Me.”  With recent concerns over Facebook’s privacy settings, and Google’s resources, this rumor could mark a bold new era in the world of social networking.

The rumor originated from a tweet by Digg founder Kevin Rose claiming he had a “very credible source” which said Google would launch their “Facebook competitor very soon.”  Recent circumstances made the claim suspicious, including the announcement of Facebook’s Open Graph feature, which some see as capable of competing with Google.  In addition, Google Buzz, a tool designed for networking and messaging, was integrated into Gmail just months ago.  Google also owns a network called Orkut which is gaining popularity—in Brazil.

Many researchers believe Google is simply updating its profiles—the systems which determine how Google users present themselves online and allows users to integrate sites like Facebook, LinkedIn, and personal blogs.  However, others believe that Google may be intending to integrate Orkut and Buzz.  This would launch a network with a base of 200 million members, which has reached very high user levels in Brazil and India, especially in the 18-to-25 age demographic.

Is there any truth to this rumor?  If so, how will Facebook respond?  The news is fresh right now, but could fizzle out quickly if new information comes to light.  However, it reveals the ways in which companies are trying to stake their claim online, and will not be the last we hear of the competition between these two powerhouses.