Google and China are more like oil and water. The Google magic touch seems to be impotent in the world’s largest and fastest growing market. In fact, it’s one of the few (if not only) major market where Google faces numbers that it is usually handing out to its competitors since Chinese engine Baidu has a 70% share of the search business in the world’s largest country by population.

So what does Google do to combat this? It axes arrangements with seven large ad resellers that represent an estimated 40% of Google China’s revenue (about $226 million).

Reuters reports

Google Inc said on Tuesday its termination of contracts with seven large Chinese advertising resellers goes into effect on Oct 27, a development analysts say benefits China’s leading search engine Baidu.

With the box office for “The Social Network” beginning to feel the effects of everyone in the social media industry already seeing it and the likelihood that the rest of the world doesn’t care, it’s time to get back to real business for Facebook. Oftentimes, though, real business and Facebook is more about what Facebook is supposedly doing ‘to’ people rather than ‘for’ them. Today is no exception.

The Wall Street Journal is yet again calling out Facebook on continued privacy concerns

Many of the most popular applications, or “apps,” on the social-networking site Facebook Inc. have been transmitting identifying information—in effect, providing access to people’s names and, in some cases, their friends’ names—to dozens of advertising and Internet tracking companies, a Wall Street Journal investigation has found.