Jed Stremel latest executive to leave Facebook
Facebook has lost another senior executive.
This time it’s Jed Stremel who was the Facebook’s Director of Mobile.
He has been working at Facebook for the last four years.
Facebook has not yet commented on his departure.
Facebook recently lost another executive Josh Elman to Twitter.

Mark Zuckerberg is worth around USD 2 billion!
As per the latest report by the Forbes Magazine, Facebook founder Mark Zuckerberg is worth around USD 2 billion.
At 25, he is the youngest billionaire on the list.
He was worth around USD 1.5 billion as per the same list last year.
Zuckerberg is [...]

Aber Whitcomb leaving MySpace
US based social networking company MySpace has revealed that Aber Whitcomb is leaving the company in the near future.
Aber Whitcomb is currently the CTO and also one of the co-founders of MySpace.
He would be replaced by MySpace Music’s current CTO Alex Maghen.
With this, most of the original guys [...]

Coca-Cola and IBM remain most valuable global brands
Google, Facebook and Twitter might be making headlines on the web but in real world Coca-Cola and IBM are the most valuable brands.
Interbrand reported that the combine value of the world’s top 100 brands has fallen for the first time in the last 10 years.
Interbrand [...]

Marc Andreessen is now a Hewlett Packard board member
HP has announced the appointment of Marc Andreessen to their board.
HP’s chairman and CEO Mark Hurd said in a statement that Andreessen is a “software pioneer whose leadership has helped shape the Internet. Marc’s entrepreneurial background and industry expertise will be a welcome addition to the HP [...]

iLike could be acquired by MySpace
TechCrunch is reporting that MySpace is close to announcing that they are acquiring the web based service iLike.
This Seattle based music company has been acquired by the social networking giant for around USD 20 million.
This acquisition deal if true could become a PR headache for Facebook.
iLike is [...]

MySpace announces a major job cut
Rumours were true. MySpace has announced that they are cutting its staff by 30 percent.
The aim is to cut costs as it struggles to compete with rivals like Facebook and even Twitter.
After this cut, the company would end up with just around 1000 employees. Still a large number [...]

Virgin Atlantic fire employees for criticizing the company on Facebook
Virgin Atlantic has confirmed in a statement that they have sacked 13 of its cabin staff.
These staff members were found to be criticizing the company on the social networking service Facebook.
Reports claim that these employees also criticized some of the travelers on the flights.
The company [...]

General Motors to use Facebook for promotion in India
US based automaker GM is all set to launch their online Facebook community in the coming days.
This community would first target the Indian customers and would later be expanded to their other markets.
Gaurav Gupta, director marketing, GM India said in a statement: “To start with GM [...]

Microsoft acquiring MobiComp
Software giant Microsoft has announced that they are now acquiring MobiComp.
MobiComp specializes in developing mobile applications. One of their popular applications is for the Facebook social network.
Microsoft is hoping to expand their mobile offerings through this acquisition.
The company said that they aim to develop new mobile data protection and sharing services through this [...]