11/14/2009 05:12 am ET | Updated May 25, 2011

Facebook Has "Twitter Envy"

Since last fall, when Facebook tried and failed to acquire Twitter, it has been slowly introducing features that mimic Twitter. Last week, Facebook added two new, Twitter-like features. Users can now "tag" friends or companies that they mention in status updates, and they can use a pared-down version of the site called Facebook Lite that resembles Twitter's stream of status updates....

"Twitter envy: Facebook has it, absolutely," said Jeremiah Owyang, a social media consultant at the Altimeter Group, which advises businesses on using new technologies

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