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The site is WYSIWYG ("what you see is what you get") and is also mobile enabled, allowing you to write and insert whatever you want - from meetings to important notes and documents - and mobile users can see these documents and notes too.
The team site shows documents and notes that you can configure. It also has a 'Facebook status' like interface where by your users and colleagues and those connected to the site can leave messages and status updates depending on what they are doing.
Editing your corporate home page is easy and simple. It's a bit like FrontPage but in the cloud.