Barack Obama's campaign recently took back control of a MySpace profile (that bore Obama's name) that a supporter had built up with content and 160,000 friends. They refused to pay for the time and effort that the supporter had put into the page and MySpace handed over the account.

I wonder what will happen with companies, famous people or even disputes between businesses with the same name on Twitter. Has there been any disputes over names? Settlements? Transfer payments for a name? Let us know in the comments if you know of any!

This is an update since our last post on this subject. Last time we posted there were no updates on Obama's Twitter site . Now there is a small improvement which indicates that the account MAY not be a fake. It says

"Heading to first presidential debate tonight!!!! Hope you watch tonight at 7pm EST on MSNBC. visit » link to BarackObama.com to comment after! "

We will wait and see if he engages his twittering electorate... to be continued.

It is interesting to watch which presidential candidates are realizing (and utilizing) the power of new media, the internet and social networking. We found a Twitter account called Obama. Is this real Obama about to start to use Twitter as part of his campaign communications? Or is it a fake account? http://twitter.com/obama