Facebook co-founder Eduardo Saverin has been the target of public wrath after announcing he would be renouncing his U.S. citizenship and moving to Singapore, a haven where capital gains aren’t taxed one bit. Will Facebook follow in his footsteps by funneling money through international subsidiaries to maneuver around the American tax code?

Read article @ Mashable.com

Facebook closed its first day of public trading valued at $105.19 billion, making it worth almost exactly as much as PepsiCo, which is valued at $106.5 billion.

At more than $100 billion, Facebook doesn’t quite make it into the leagues of Coca-Cola, worth $167 billion, or Wal-Mart, worth $212 billion. Nor does it yet compete with tech giants Google, worth $196 billion; Microsoft, worth $246 billion; or Apple, worth $496 billion.

Read more @ Mashable.com

When you get a lot of smart and interested people together to make a prediction in aggregate, it can be scary accurate. Anyone who has read the James Surowiecki business science classic The Wisdom of Crowds, and a host of corroborating authors such as Malcolm Gladwell, knows that.

So what if you applied that brave new world of expert prediction markets, of crowdsourcing the future, to the Facebook IPO?

Read more @ Mashable.com

Ecommerce shop Fab.com is an industry game changer, deeply integrating social media into its unique way of selling tech gadgets, tailored dresses, innovative kitchenware and extraordinary home decor.

Fab.com rolled out a website redesign, called Fab 3.0, introducing new social shopping features on Wednesday. Updates include a Facebook integration that creates a real-time text-and-photo stream on the site of what friends are buying, sharing and liking.

Read article @ Mashable.com

If you’re in the vast majority of Facebook users that won’t be buying or selling stock when the social network goes public Friday, your view on the IPO may be an apathetic “so what?”

But there are lots of reasons that average Facebook users should be paying attention to Facebook’s IPO and what it means both now and in the future.

Read more @ Mashable.com

Now your business or brand can make your Facebook page pocket-sized and send it home with clients and potential customers — all for free. Moo.com, the company behind Facebook Timeline-themed cards that launched earlier this year are now extending the offer to businesses.

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Educational reality TV and social media are the drivers inspiring a group of Iraqi youth demanding a different future — one with peaceful resolutions and equality.

Nareen, an 18-year-old Iraqi whose last name has been withheld for safety reasons, starred in Iraq’s first youth reality TV show called Salam Shabab to compete for the title of becoming an “Ambassador of Peace” last year. Salam Shabab is a competitive TV show with the ultimate goal of uniting Iraq through peace building.

Read more @ Mashable.com

Facebook is testing a product called “Highlighted Posts” that potentially puts the company into the online classified ads arena dominated by Craigslist by letting users amplify their status updates.

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President Obama held a record-setting, star-studded fundraising dinner at actor and humanitarian George Clooney’s house Thursday evening. Los Angeles-based comedian Ben Hoffman was there, live-tweeting away — or so he wanted the world to think.

Hoffman was actually nowhere near the dinner that netted the Obama campaign a cool $15 million, but some of his followers bought in to his hilarious satire.

Read more @ Mashable.com

Facebook, infamous for its changing policies and confusion among users about what they’re getting themselves into when they use the world’s largest social network, has finally aggregated all its terms and policies under the same roof.

That roof — Facebook.com/policies — contains, in the words of Facebook, “Everything you need to know, all in one place.” The Facebook Terms and Policies Hub, as it’s called, is clear and easy to navigate, with headlined links and sub-headlines. However, all of these links actually lead to a lot of information.

Read article @ Mashable.com

Want your link to get the most traction on Twitter? Post it on a Monday between 1:00 p.m. and 3:00 p.m. ET.

Link shortening and tracking service bit.ly has released new data on the best and worst times to share links on popular social networks, from Facebook and Twitter to blogging site Tumblr.

Read more @ Mashable.com

The media, forever a navel-gazing industry, worked itself into a fever earlier this week after evidence emerged that usage of Facebook’s social reader apps is declining.

In an article designed to further dramatize The Washington Post‘s recent tension between its editorial and financial divisions, Jeff Bercovici at Forbes pulled up a chart from App Data illustrating a falloff in the number of monthly average users of the Washington Post Social Reader app.

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Bucking the tide for technology companies, Facebook’sPolitical Action Committee FB PAC contributed to slightly more Republican politicians than Democrats during the first quarter of 2012.

Republican members of Congress, including Speaker of the House John Boehner (R-Ohio) and Senate Majority Leader Mitch McConnel (R-Ky.), were on the receiving end of $65,000 from Facebook’s PAC. Congressional Democrats, including House Minority Leader Nancy Pelosi (D-Calif.) on the other hand, received slightly less: $53,500.

Read article @ Mashable.com

For many NBA enthusiasts, Twitter has become as big a part of the sports-watching experience as Craig Sager’s suits.

While there will never be a replacement for the awkward, stream-of-consciousness musings of Charles Barkley, Bill Walton, and other TV analysts, the level of wit and insight put forth by their respective parody accounts and tweeters has made the early 21st century a great time to be a sports fan.

Gradually entering a level on a par with BlackBerry Messenger and Apple’s iMessage, Facebook Messenger has just been updated with some neat additional features.

Facebook’s dedicated messaging app for iPhone, which is independent of the official Facebook app, has gained the ability to display read receipts. In one-on-one messages, the app displays “Seen” followed by the time when the message was read. In group chats, it displays the same plus the names of the ones in the group who have read it.

Read more @ Mashable.com