Social Networking | featured news

Facebook was said to be in talks to hire Robert Gibbs, President Obama's former White House press secretary, for a senior role helping to manage the company's communications.

What if you could see the cellphone photos taken by everyone within 150 feet of you? Would you be hesitant about potentially seeing yourself captured in one of those photos or would you be smiling as your inner voyeur jumps in joy?

Between January and February 2011, says Comscore, worldwide unique visitors to MySpace declined by a staggering 14.4% from 73 million visitors to 63 million visitors. It's about half of the audience they had a year ago.

Everyone knows MySpace traffic is going the wrong way, but the accelerating decline (and big financial losses) is a serious problem. Parent company News Corp.

Matthew Rothenberg, the man who most believed ran Flickr for Yahoo!, announced his departure in a Tweet today.

LivingSocial is in active talks with investors to raise around $400 million to $500 million to help fuel its expansion and keep up with rival Groupon.

Facebook will soon start testing a service to provide local discounts to its more than 500 million members, a move that will thrust the social network into direct competition with Groupon.

Twitter Co-Founder Biz Stone will become a "social impact" strategic adviser for AOL, as part of its broader integration with online news site the Huffington Post. He will stay at Twitter.

Cuba's Maximum Leader is also on top in cyberspace. Twitter account that tweets excerpts from former President Fidel Castro's frequent musings on world affairs has passed 100,000 followers - which the government says makes it the first official Cuban-themed Twitter account to break that threshold.

Last week, in our weekly report on the insanely hot Facebook stock trading going on behind the scenes on SecondMarket, I wrote the following: "Do I hear $75 billion next week?" I was sort of kidding.