At this week's South By Southwest Interactive Festival, Facebook founder and world's youngest rich list entrant, Mark Zuckerberg, sat down with Caroline McCarthy of ZDNet.com.au's sister site CNET News.com to talk about PayPal, pestering applications and press hysteria.
Microsoft is in talks to acquire five percent of social-networking site Facebook, according to the Wall Street Journal.
Facebook has announced that it has hired a new chief operating officer to replace the outgoing Owen Van Natta. Starting on 24 March, veteran Google employee Sheryl Sandberg will take on the executive role at the social network.
Speaking at the Web 2.0 Summit in San Francisco on Thursday, Microsoft's CEO Steve Ballmer said his company was on the prowl for acquisitions that made strategic sense.
Sites like Facebook and Google, which have evolved into Web platforms, are the wave of the future, according to a panel of top executives at this week's iMeme: Thinkers of Tec conference.
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