Internet, Social Networking | featured news

Could social networking company Facebook Inc.’s big news on Wednesday be a partnership with Internet video calling firm Skype Limited? That’s the word on the street, according to reports. The partnership would allow friends to chat with each other, and potentially give it an edge over Mountain View-based Google Inc. (NASDAQ:GOOG), which has launched its own Google+ social networking service.

Skype and Facebook have both declined to comment. But an announcement is expected at 10 a.m.

So, based on the buzz, Google+ is the geek-chic social-networking upstart that's going to challenge Facebook, right?

Fox News' political Twitter account was hacked according to reports on FoxNews.com.

The authoritarian government of Belarus blocked access to popular social networking sites on Sunday in an attempt to prevent opposition protests on a national holiday.

Compared to Groupon, which has enormous administrative costs and is hemorrhaging a lot of money, Zynga is a ruthlessly-run, well-oiled machine.

Speaking to reporters on Thursday, Facebook’s CEO Mark Zuckerberg said that the social network has plans to “launch something awesome” next week. There’s no official word on what will be announced, but we suspect it’s going to be the new iPhone photo-sharing service that we saw just last week.

Naysayers still dismiss Twitter as a platform for people who post self-promotional links or trivial details about their daily lives -- this tuna sandwich is tasty! --- but there's no denying its growth.

Zynga Inc filed paperwork for an initial public offering on Friday, the latest in a series of hot social media companies to seek capital in the U.S. public markets.

You thought bringing sexy back was hard? Try Myspace. Pop-star, actor and occasional reason to watch "Saturday Night Live" Justin Timberlake will apparently play a "major role" in guiding the floundering social-media site after its sale this week.

The White House announced today that President Obama will take questions via Twitter on Wednesday.