Our very own Jay Goldman, Head of Marketing here at Rypple, hosts Status Update, butterscotch.com’s popular weekly video podcast on the world of Social Media. Check out this week’s episode on the lessons learned from iTunes Ping.

Ping was an exciting announcement. Sharing our music and media preferences with our own network of friends and family? Sign us up! While uptake of Ping has been pretty good thus far, it’s not the free for all social media model you may be expecting. As Jay Goldman explains, Ping is what you get when a tight-on-the-reigns company like Apple decides to dip its toes into the social networking waters. It works, but the restrictions, rules and regulations may prove too big a turn off for savvy online socialites.