Facebook acquired Parse at $85 million in a stock and cash transaction to boost it's mobile platiform that it has just launched. Parse is a popular suite of tools for mobile and web app developers.
This gives Facebook developers a framework that will let them more tightly integrate their apps with the Facebook platform. It will also let them create an app that works the same on other mobile platforms as it does on Facebook.

Facebook today 15th/Jan/2013, unveiled its new feature that allows users to make "natural" searches of content shared by their friends.
The search allows you to find answers to your social questions like "How many people like in town X jazz music or own an Ipad".

The social graph ( the collective pool of information shared between friends that are connected via the site) will include things such as photos, status updates, location data as well as the things they have "liked".

According to Mr Zuckerberg, the search is not intended to compete with google neither index  the web   but to help you find what you want in the site.

"We look at Facebook as a big social database," said Mr Zuckerberg, adding that social search was Facebook's "third pillar" and stood beside the news feed and timeline as the foundational elements of the social network.

Mr Zuckerberg said that graph search would launch immediately as a beta test, and would roll out "very slowly". The tool will be usable from the blue banner that sits at the top of every Facebook page.

The Social networking giant Facebook is testing out a new, slimmer Timeline layout featuring a single column of posts instead of the current double column. The test layout keeps the boxes that highlight friends and activities to the right.

According to the company spokesperson, the new design Facebook is testing with a small percentage of people to make navigating timeline even easier

The right hand column keeps the existing boxes such as "Recent Activity," "Friends," "Photos" and "Likes," as well as any app activity displayed by users.

But with the new design, the boxes are a smaller size than posts, the report said
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Below those boxes, the test design features only whitespace where the current design would display more posts, it added.
This newer version will load faster and give more info on one page.

Microsoft today (25th/June/2012) confirmed the purchase of the San Francisco-based enterprise social networking company with office social network site Yammer for  a whopping  $1.2bn in cash.
This was a move to help Microsoft woo its businesses with Facebook like tools that help employees collaborate in the workplace.  Yammer has a network of 200,000 corporate clients and is used by firms including the motor giant Ford and the business services firm Deloitte.

Yammer will become part of Microsoft’s Office division and the team will continue to report to current Yammer Chief Executive Officer David Sacks, the companies said today in a statement.

facial recognisation
Facebook on Monday acquired FACE.COM the company that provides the facial-recognition technology used by the world's largest social network to help users identify and tag photos. This software lets computers recognize people's faces in digital images.
People who use Facebook enjoy sharing photos and memories with their friends, and Face.com's technology has helped to provide the best photo experience. Read More

It was not disclosed how much the leading social network paid for Face.com or what its plans are for the company, but according to some sources say the acquisation might have cost facebook between $50M to $60M which might have been paid with cash and stocks.

Facebook uses the technology to scan a user's newly uploaded photos, compares faces in the snapshots with previous pictures, then tries to match faces and suggest name tags. When a match is found, Facebook alerts the person uploading the photos and invites them to "tag," or identify, the person in the photo.

The deal is the latest in a string of acquisitions by Facebook in recent months, including the $1 billion acquisition of mobile photo-sharing service Instagram. U.S. antitrust regulators are undertaking an extended review of the Instagram deal, which Facebook expects to close by the end of the year.