General Motors pulls Facebook advertising

General Motors are no longer using Facebook as a form of advertising as the company feels that Facebook does not have the ability to pull users in.

http://www.news.com.au/business/companies/facebook-loses-major-advertiser/story-fnda1bsz-1226357299679

Facebook buying photo-share app Instagram for $1B

Facebook have purchased the company making the app Instagram for $1Billion.  They plan on continuing to run the company as a separate entity to Facebook and not close the app.

http://www.news.com.au/business/facebook-buying-photo-share-app-instagram-for-1b/story-e6frfm1i-1226322429959

The power behind the Facebook throne

The business brains behind Facebook

http://www.theage.com.au/technology/technology-news/the-power-behind-the-facebook-throne-20120123-1qdjh.html