Facebook Brings in Payment System

Facebook has begun tapping a new revenue stream with the introduction of an internal payments system, a move that might help the fast-growing social networking website achieve profitability while being less reliant on advertising.

Full-text article by David Gelles is available via The Financial Times, 6.2.09.

Facebook Gives College Officials Better Tools to Reach Alumni and Students

Facebook announced new features on its Web site that will allow colleges and other organizations to create a centralized public profile and publish a live stream of announcements for their followers.

Full-text article by Josh Keller is available via The Chronicle of Higher Education, 3.6.09.