If you’re interested in unauthorised behind-the-scenes info, check it out – Michael Arrington has got hold of a draft of Wall Street Journal editor Julia Angwin’s tell-all book about MySpace, which will officially hit the stands on March 17, 2009. He corrals some of the more interesting stories in his review, including this nugget:

“MySpace could have acquired Facebook for just $75 million in early 2004, but passed on the deal as too expensive.”

Meanwhile Dan Frommer at Silicon Alley Insider posts a fascinating transcript of a would-be Nigerian Facebook scam, along with Facebook’s official response: trust no-one.

Elsewhere on the web:

TechCrunch reports Twitter’s heading back to the venture capitalists to raise another round of funding, based on a $250 million valuation which Jeremiah Owyang attempts to deconstruct. Staying with Twitter, Mike Butcher at TechCrunch UK picks up on Twitter as a way to organise social movements quickly, with reference to Twestival, the global event for charity, organised through Twitter and taking place across more than 100 cities worldwide.

Pete Cashmore at Mashable raises an eyebrow at the story that rose through the Reddit ranks yesterday when the band Death Cab For Cutie was hamstrung by their own record label pulling  a YouTube video from their official website on the basis of copyright violation. Cashmore reckons there’s a reasonable enough explanation but adds:

“…the irony – for those frustrated by the clash between the web’s culture of sharing and the music labels’ desire to protect copyright – could not be clearer. If the actions of the labels are preventing their own artists from sharing the music they created, are these copyright notices more detrimental than beneficial?, they’ll ask.”

Lidija Davis at ReadWriteWeb takes a look at the unforeseen consequences of the social web, with a few interesting examples of how the interconnectedness of it all and the lack of a delete button can conspire to embarrass the unwary.