College Only, A Social Network For Collegians, Launches

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PayPal co-founder (and early Facebook investor) Peter Thiel is backing a new social network, which restricts membership to students with verified college e-mail addresses--much like Facebook did in its first year and a half. CollegeOnly's pitch: "Our site is the only one that is free from parents, potential employers, and other folks that shouldn't see what you are up to on a Saturday night or at any given point during the day."

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