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Facebook will list its shares with Nasdaq, according to media reports. That would be a big win for the Nasdaq, which competes fiercely with NYSE Euronext Inc., especially for an initial public offering as large as Facebook's, pegged at $5 billion. The New York Times and CNBC cited anonymous sources on the potential listing.

Facebook’s attorneys squared off Wednesday with the legal team of Paul Ceglia, a New York man who says that a 2003 contract proves he should own at least half of Facebook. Ceglia, for whom Facebook co-founder Mark Zuckerberg did some work while at Harvard University, says he has a contract granting him at least half the ownership of Facebook. Facebook has denied the claim, saying that the contract and several other documents Ceglia provided are faked. The company subsequently filed to dismiss the suit last month.

Trayvon Martin's death illustrates the growing numbers of black and Hispanic Americans harnassing the power of social networking sites.

Anyone worried about an erosion of America's global status might consider this modest fact: Facebook is the dominant social network in Mongolia. Along with its pervasive social media, the United States leads in myriad other ways - from the allure of its movies and music to the reach of its military. It's tough to match a nation that deploys troops to Australia and central Africa, propels Beyonce to global stardom, and produced the Twitter-style technologies that abetted the Arab Spring.

Facebook has weighed in on a practice by some businesses asking employees or job applicants for their passwords to the popular social-media site.

A Democratic senator from Connecticut is writing a bill that would stop the practice of employers asking job applicants for their Facebook or other social media passwords, he told The Associated Press on Thursday. U.S. Sen. Richard Blumenthal said that such a practice is an "unreasonable invasion of privacy for people seeking work."

Remember the good old days when all you had to worry about was what potential employers might find in a Google search? Now, some employers are asking for the keys to job applicants’ virtual clubhouse so they can click around and get a better look.

In their efforts to vet applicants, some companies and government agencies are going beyond merely glancing at a person's social networking profiles and instead asking to log in as the user to have a look around.

Facebook will pay a fee of just 1.1 percent to underwriters of its initial public offering, a source with knowledge of the company's plans said on Monday.