Can FriendFeed Compete With Newsfeed?

One of the big news items today is Friendfeed receiving a $5 million round of funding and their public launch. There has been a significant amount of discussion surrounding FriendFeed and whether or not it can compete with Facebook. Eric Eldon accurately sums up the current differentiation between the two feeds:

The Facebook news feed is already chock-full of your friends activities on Facebook, like when they add a new friend, break up with their girl/boyfriend, or decide to attend an event.

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