Michael will be blogging live the launch of the new Facebook Platform.

Facebook’s strategy is almost the polar opposite from MySpace. While MySpace frets over third party widgets, alternatively shutting them down or acquiring them, Facebook is now opening up its core functions to all outside developers.

The question that I want to have an answer to is what kind of protection do the developers get from Facebook, if Facebook does decides to get into the same area as the developer or the app provider.

Update: Facebook launches “Causes” for nonprofit type of groups to raise money and support other social causes.