MARK ZUCKERBERG

Facebook unveiled new ways for users to listen to music and watch TV, offering tie-ups with the likes of Spotify and Hulu, as it attempts to make media an integral part of its social networking service.

The SNL actor appeared on stage in his best Zuckerberg attire.

The hottest social networks seem quite busy these days -- providing a lot for millions of users around the world to digest. Just this week, Google+, Google's new social network, opened to the general public for sign-up and while making several site changes. Now, Facebook is launching a major design overhaul new features -- some similar to those introduced recently by Google+.

With the latest bevy of features announced at the annual f8 developers’ conference, Facebook will no longer remain merely a social networking site, rather it will penetrate more into the lives of its users and transform itself in to an entertainment hub.

Thursday's Facebook festivities included an appearance from SNL's Andy Samberg.

Users overwhelmingly dislike the Facebook changes like the new news feed and ticker.

Mark Zuckerberg edged out Larry Page and Sergey Brin for the first time on the Forbes 400, its annual list of the richest people in America.

Facebook's newest feature is a radical change to its profile pages. Now, users can scroll through each other's entire life stories.

The richest people in America revealed

Facebook’s management may view an IPO as a kind of “distraction” for its employees while the company is busy ramping up several new product lines and other projects.

Facebook’s growth is so strong that revenue this year may tap $4.3 billion, double prior estimates, market researcher eMarketer reports.

Google Inc and Facebook trotted out a variety of new social networking features in back-to-back announcements on Tuesday, underscoring their intensifying competition for Web surfers.

Remember Google+? That red-hot, exclusive, and invite-only social networking service? Now, you don't hear about it as much. And when you do, it's often someone writing about how it's in decline.

If Facebook’s much-anticipated IPO is off for the year, would its crackerjack board of directors now consider buying Yahoo in a reverse takeover?

The initial public offering of Facebook has been pushed back to next year, according to people familiar with the situation.

Facebook will delay its initial public offering until the end of next year so employees can focus on developing products for the No. 1 social networking website, the Financial Times reported on Wednesday.

Facebook will delay its initial public offering until the end of next year so employees can focus on developing products for the No. 1 social networking website, the Financial Times reported on Wednesday.

Facebook won't friend Wall Street late next year by launching its anticipated blockbuster IPO, according to a report. Expected to be one of the largest IPO's in U.S. history, if not the largest, considering recent share share sales of Facebook's private stock have valued the company at more than $60 billion. The world's largest social network, which made friend a household word in terms of Web connectivity, has a reported 750 million global users or more.

Could Facebook buy Yahoo, effectively killing two birds with one stone? That's a scenario suggested by Reuters financial blog Breakingviews, and it is not out of the question.

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.