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There are over 150 million users but the economic crisis is taking and effect on Facebook. The source of all its revenue is from web ads, which and with the global financial crisis web advertising has been hit hard. Because of this "it's not wildly profitable even if it is profitable at all."

A British man who murdered his wife after becoming enraged when she changed her relationship status on Facebook to "single" was jailed for at least 18 years late Thursday.

When President-elect Barack Obama takes the oath of office, it will arguably be the biggest live social-networking event ever ...