A man from New York who names himself Paul D. Ceglia has claimed 84% ownership of Facebook and has sued both Mark Zuckerberg and Facebook in New York’s Allegany County State Supreme Court.

According to TechCrunch, Google has secretly invested anywhere between $100 to $200 million in the popular social games development company, Zynga. Apparently, neither Google or Zynga has officially confirmed this news but TechCrunch says that they have confirmed the story from multiple sources.

Facebook has announced that they are shutting down its virtual gifts shop. The virtual gifts shop was added on Facebook in 2007 where users could buy virtual gifts through Facebook credits and send it to others.

Facebook has acquired local travel recommendation service, Nextstop. Nextstop is a service where users can create their own local travel guides or browse through other user’s guides and recommend it to other users.

White House and the State Department’s office of innovation staffer, Katie Jacobs Stanton has joined Twitter Management to manage company’s business and international strategy. 

Columbia Pictures has released second trailer of their new movie “The Social Network” which is based on the popular social networking site, Facebook and is also called as “The Facebook” movie. The movie is directed by David Fincher which stars Jesse Eisenberg who plays Mark Zuckerberg in the movie.

Today, Youtube got hacked by some members of 4chan and other other hacker’s community. The hack was mostly targeted at pop singer Justin Beiber’s videos.

If rumors are to be beleaved, Google is developing a new social networking site called “Google Me” as a competitor to currently number one social networking site, Facebook.

Columbia Pictures has released the first teaser trailer of their new movie “The Social Network” which is based on the initial days of popular social networking site, Facebook. The movie is scheduled to release on October 1st this year.

Zynga’s FrontierVille which was launched on June 9 has progressed very well. In less than two weeks of its launch this social game has 5.2 million daily active users. Most of the features in FrontierVille is taken from Zynga’s most popular social game FarmVille. Infact FrontierVille seems to be a step ahead than FarmVille in [...]