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Facebook is weeding out fake "Likes" on its social network that are being caused by spammers, malware and black marketeers as it strives to maintain credibility as an advertising platform. Facebook said the number of Likes, or endorsements by users, on corporate pages is likely to drop by less than 1 percent, on average, after the crackdown.

Facebook Inc. received final approval Wednesday for its purchase of photo-sharing application Instagram Inc., clearing the way for a cash-and-stock deal that has lost about a quarter of its value since an agreement in April.

In another social-media first, President Barack Obama took to Reddit today to become the first sitting head of state to moderate the site's "AMA," or, ask me anything, series. 
The chat lasted an hour, and got so much attention that it shut the site down during his post. 

Zynga said Chief Creative Officer Mike Verdu has decided to leave the social gaming firm, one of several recent departures at the company as it has faced an erosion of investor confidence.

With the value of its shares down over 50 percent since its highly anticipated IPO, is the company making a hash of the public relations disaster it is now facing; and, just as important, why has Zuckerberg remained quiet about the state of the company?

UBS decried a proposal from Nasdaq to make up losses for firms damaged in the Facebook stock-market debut, joining a growing chorus of Wall Street players that are calling on regulators to reject the exchange operator's plan.

Facebook's beleaguered stock has lost more than half of its value since its initial public offering three months ago. Facebook Inc. hit a new low of $18.75 before bouncing back to $19.01 - down 4 cents - in morning trading Monday. The social networking icon's much-anticipated IPO turned sour amid technical problems on the NASDAQ stock market and high expectations. The stock has not surpassed its $38 IPO price since its first trading day.

I’m sure you’ve all seen the gaudy statistics when it comes to the gender split of Pinterest’s following – anything ranging from 72% to a staggering 97% of its user base has been reported as female.

Facebook Inc shares sank as much 4.3 percent on Friday to set a new low, a day after early investors got the green light to sell for the first time. More than 270 million shares owned by the early investors became available for trade on Thursday after a 3-month curb on sales ended. That's more than one-half the 421 million shares sold in its initial public offering on May 18.

Facebook's stock price slide has raised doubts about Mark Zuckerberg's role as CEO. Some say he should hand the reins to a more seasoned executive. The deepening slide in  Facebook Inc.'s stock is fueling talk once considered implausible on Wall Street and in Silicon Valley.