PALO ALTO, Calif., May 26 (UPI) -- U.S. Internet giant Facebook said a Russian firm, Digital Sky Technologies, has purchased 1.96 percent of the company for $200 million.

SAN FRANCISCO, Sept. 22 (UPI) -- The U.S. social networking site Facebook is in the process of switching its millions of users to a new design, a move that doesn't make everyone happy.

NEW YORK, Sept. 20 (UPI) -- Microsoft founder Bill Gates once again sits atop The Forbes 400 list of the richest people in the United States, the magazine says.

NEW YORK, Nov. 30 (UPI) -- Facebook, the popular U.S. social networking Web site, said it was making a major change in its controversial new tracking program.

BOSTON, July 26 (UPI) -- A federal judge says the founders of ConnectU.com have just two weeks to persuade him not to throw out their case against rival Facebook.com.

SAN FRANCISCO, May 25 (UPI) -- Watch out MySpace, Facebook -- with new applications designed to enhance user experience -- is catching up as the online place for U.S. teens to socialize.

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NEW YORK, Sept. 7 (UPI) -- Thousands of U.S. students are protesting the popular Facebook.com socializing Web site is now too social and invasive of their privacy.

WASHINGTON, Dec. 2 (UPI) -- The Facebook, the fashionable online college social directory, may be connecting more than fellow classmates. With the growing popularity of the Web site, and t