The 9th U.S. Circuit Court of Appeals ruled on Monday that Facebook founder Mark Zuckerberg's Harvard classmates Tyler and Cameron Winklevoss "were savvy enough to understand what they were agreeing to" when they inked a 2008 $20 million cash deal over the social networking site, and "can't undo the settlement," reports the Associated Press. more ›

First Facebook made Mark Zuckerberg millions, then it garnered an Oscar for Aaron Sorkin, and now it has made possible one of the the most expensive sales of a single-family home in U.S. history. Russian billionaire Yuri Milner, who is a heavy investor in Facebook, Groupon and Farmville, according to NPR, purchased the $100 million, 250,000 square foot mansion in Silicon Valley from sellers Fred and Annie Chan. more ›

Tonight's Extra, Extra brings you unfortunate falls, stadium scoops, hundreds of jobs saved, a crazy downtown caper that gets crazier and more. Plus: Keep up with us on Facebook, and follow us on Twitter: @LAist @LAistFood @LAistSports. more ›

"Papa can you hear me? I'm a hall of famer!" In a ceremony held yesterday in Sacramento, Governor Arnold Schwarzenegger and first lady Maria Shriver presided over the induction of four new famous folk into the California Hall of Fame. Joining the iconic songstress/actor/director in receiving the honor were Facebook founder Mark Zuckerberg, director James Cameron, and tennis star Serena Williams. "The California Hall of Fame was established in 2006 to honor people who've made their mark on the state's history," explains ABC7. more ›

Mark Zuckerberg’s tonight appearance on 60 Minutes coincides with tomorrow's debut of Facebook's new Profile Pages. According to Mashable, "the oft-forgotten 'Poke' has been moved" to the top of the page and is located, "next to a more visible 'Message' button." Photo placement and ad sizes have also been tweaked. The most substantial change is the relocation of tabs like 'Wall' and 'Info' to the left of the page under the profile photo. more ›

Come on, do you really know all of your Facebook friends? As in, you've met them, spent time with them, have a bona fide relationship with them that qualifies as friendship. more ›

CEO of Facebook Mark Zuckerberg is finally answering the hard questions about Facebook privacy issues. During an interview with Wall Street Journal Columnists Walt Mossberg and Kara Swisher at the annual All Things Digital Conference last night, Zuckerberg stumbled over his answers and has people wondering what this means for Facebook. more ›

They grow up so fast don't they? more ›

Going into F8 (the Facebook Developers Conference) yesterday, there was an expectation of learning something new and exciting about the uses of Facebook as a means of building a business, evangelizing a movement or business or brand (in LA all of that means preaching to others about yourself) and how Facebook now is going to help application developers make money on its platform. more ›

As reports and tweets comes out of of SXSW in Austin, TX where BusinessWeek's Sarah Lacy reportedly held a disastrous interview with 23-year-old Facebook CEO Mark Zuckerberg, news of the popular social networking site with more of a national and local business twist hit the wires: Paramount will offer movie clips via a Facebook application, a first for the movie industry. more ›