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A number of Facebook users have posted a status update on their walls, claiming that the social networking site will start charging users to enjoy its service this summer. The wall post encourages their friends to copy and paste it to their walls so that using the site will stay free. The wall post says: “It’s official.. signal at 12;20 it even passed on tv. Facebook will start charging this summer. If you copy this on your wall your icon will turn blue and facebook will be free for you. Please pass this message if not your...

The sovereign wealth fund of China is reportedly trying to buy a stake in social networking website Facebook, Business Insider reports. An anonymous source who had bought shares from former employees of the company told business site Business Insider that China is positioning itself to buy “a huge chunk” of Facebook. According to the website, Beijing has approached the source to see if he could get a stake large enough “to matter.” In a related news, Citibank is reported to be trying to acquire £740 million ($1.2...

Facebook’s Chief Executive Officer Mark Zuckerberg promised last week that the company will be launching something “awesome” that their Seattle team developed, on July 6. On Friday, Facebook sent out press invitations, with “Please join us for an event at Facebook” written on the invite. Since the CEO’s announcement, reporters from various websites have been speculating about the company’s new product. Reports said that it would be a desktop component, as the company has been said to hire desktop...

In the last 24 hours, a number of Mark Zuckerberg profiles have appeared on Google’s take on social networking, Google+. Zuckerberg, the founder of Facebook, has three Google+ profiles: one ‘Fake Zuckerberg,’ one ‘Mark Zuckerberg,’ which was created yesterday, and a ‘Mark Zuckerberg’ that was created today. The Fake Zuckerberg and one Mark Zuckerberg profile has been removed, while the last profile still remains. Twitter has been all over it, with a number of users posting screen grabs of the supposed...

Facebook Chief Executive Officer Mark Zuckerberg said yesterday that in the next week, they are planning to “launch something awesome.” With rumors circulating that Facebook is finally done making its own iPad app, people couldn’t think of something more “awesome” for them to release. The few people who have seen the app, claim that it has “a slick design that has been tailored for the iPad and its touchscreen interface. Facebook developers and designers have also overhauled the Facebook Chat and Facebook...

Google has come clean with its social networking plans, revealing its Google+ service last night. With the failure of Google Buzz, the company’s first attempt at taking on Facebook, Google is now going to take on the social networking giant with its new service which aims to “bring the nuance and richness of real-life sharing to software.” In a statement announcing the new Google+, Google executive Vic Gundotra said: “Today, the connections between people increasingly happen online.” He added, “Yet the...

The first tablet-based Facebook app may not land in the popular iPad first, reports say. According to a report by TechCrunch, the first big-screen Facebook app will appear on the HP TouchPad later this week. iPad users have been begging for more than a year for a Facebook app, but with the social network’s release on another tablet platform, they will be left disappointed. Online reports say that the app was in its final testing stages and would be released in a few weeks. Leaked images show that the first Facebook app on the webOS-powered...

Famous jailbreaker George Hotz, also known as GeoHot, is now working for Facebook. At 21 years old, Hotz is said to be possibly working on a secret iPad Facebook app. The news of GeoHotz’s new job started when Jonah Hill, a member of the Apple jailbreak team Chronic-Dev, said that Hotz backed out of a hacking challenge between the two. Hotz confirmed the rumors on his Facebook page, where he listed himself as a software engineer in Facebook starting May 2011. His first official day on the job was May 9th. Last June 22, Hotz posted...

Facebook became the second most popular website in the UK, overtaking Microsoft for the first time last month. Reports from UKOM/Nielsen said that people aged 50 and above flocked to social networks, giving Facebook the second place, next to Google. Facebook has attracted a record 26.8 million visitors in the UK, a 7 percent year on year increase, beating the 26.2 million people who visited the MSN/Bing/WindowsLive websites that are owned by Microsoft. Google had a staggering 33.9 million visits. Twitter also has increased its visitors...

Facebook is about to jump the music streaming bandwagon, taking on the likes of Google Music and iTunes. The news comes by way of GigaOm which believes Facebook will unveil the brand new service at the ‘F8’ conference in August. Facebook will utilize larger music services such as Spotify to deliver music to the masses of Facebook users. This is a smart move from the social networking giant, they won’t be going against the big providers – they have taken the ‘if you can’t beat them, join them’ route which will help all...