The Social Networking Compendium – Part 2 (Facebook)

Facebook is arguably the king of social networking sites after dethroning MySpace. But will it be challenged by Twitter?

There was a time when Facebook was cool. It was the up and comer, taking it to MySpace and arguably doing a much better job at connecting people.

Now, well, its part of the vernacular. It’s a site that is commonplace for anyone that is anyone.

But it’s still a hugely popular site and a bane to many managers because of the time employees spend updating their status, uploading photos and generally doing what people do on social networks.

And you know a site like Facebook has become ingrained in a generation, when the largest media corporations around the world – including CNN and BBC – run stories about a user backlash to aesthetic changes.

In this edition of the Social Networking Compendium we bring you all the latest news on Facebook, from a user-wide vote on new governing rules to API access for developers.

Check out the Social Networking Compendium – Part 1 to see all the latest news on Twitter.

Facebook

Votes are in -- Facebook gets new governing rules The votes are in and the initial tally shows that Facebook Inc. users want a new set of governing documents.

What Facebook vote? An early morning blog post by Facebook's Ted Ullyot has noted the preliminary results of the site governance vote. About 3/4 chose the new Facebook Principles and Statement of Rights and Responsibilities over the existing terms of use, he says.

Study: Facebook users get lower grades in college Science, technology, business students most likely to regularly use Facebook. Need your kids to pick their grades up? Tell them to spend less time on Facebook.

As expected, Facebook halts The Pirate Bay links Facebook has ended its brief e-relationship with The Pirate Bay, the controversial BitTorrent search engine.

Blog: Your Brain on Facebook: Self-Centered and Easily Distracted There's been flurry of debate about what effect social technologies such as Facebook and Twitter will have on our brains. Does it shorten attention spans? Does it make us more narcissistic? While social media evangelists are loath to admit it, the answer to both those questions is most certainly 'yes'. But the adverse effects of social technology will pale in comparison to how much television has polluted our brains.

Facebook opens new APIs for app platform External developers' applications can now access a wider range of information posted by Facebook members on the social-networking site.

Crowds watch inauguration with their Facebook friends Facebook and CNN team up to let people watch and chat online at the same time. In a somewhat new twist to social networking, a lot of techies watched Tuesday's inauguration of President Barack Obama with all their Facebook friends.

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