Sixty Leading Consumer and Internet Brands Announce Participation in New Facebook Ad System

Facebook and Microsoft Corp. today announced that the two companies would expand their advertising partnership and that Microsoft will take a $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation.

Research In Motion (RIM) (Nasdaq: RIMM; TSX: RIM) today launched Facebook® for BlackBerry® Smartphones, an exciting new BlackBerry software application that enables fast, streamlined and optimized mobile access to the popular Facebook social utility using a BlackBerry smartphone.

Facebook now most popular site among college students

New Research released by Anderson Analytics’ GenX2Z Youth Research Initiative: Facebook now most popular site among college students - Driven by popularity of Social Networking Sites (SNS) among Young Women.

ConnectU has filed a suit against its rival Facebook, claiming that its founder Mark Zuckerberg has stolen their idea of creating a social networking site.

Every day, more and more people join online communities, such as MySpace, FaceBook, and Second Life, and use file sharing systems like BitTorrent. In these virtual spaces they can reinvent themselves, make new friends, and share information and resources with others. Understanding how people give and receive digital gifts online is key to understanding the successes and failures of these communities.

FeedBurner, Inc, the leading provider of online media distribution and audience engagement services announced on May 24th at Facebook's f8 event its Headline Animator application built on Facebook Platform, a platform that enables companies and developers to build applications for the Facebook website.

Facebook, the Internet's second-largest social networking site, is open for other companies to design software for the network and to sell products. The network used to be a static platform, but from now it will be easy to customize.