
According to News today that Social website Facebook founder Mark Zukarberg is spending $550 million to buy 650 patents held by Microsoft came just weeks after it made what seemed to be an even bigger purchase from IBM in which it spent an undisclosed sum to acquire 750 patents. Social-networking giant's amended S-1 sheds light on how much it plunked down for patents in first quarter. It looks like those IBM patents are not nearly as valuable to Facebook as the ones once held by AOL that the social network bought from Microsoft today.
Facebook Clarifies Changes To Facebook Website Privacy Policy. Last Friday, world popular social networking site Facebook unveiled changes to its terms & condition for her user. Tweaking earlier drafts in an apparent effort to ease users concerns about privacy and how their information is used. Facebook has seen an increasing number of complaints about its privacy policy.