New figures suggest Facebook's financials are healthier than expected - with the site on course to break a billion dollars of revenue by the end of the year
Less than a year after he was parachuted in to run MySpace, Owen Van Natta is out of a job as the ailing social network tries once again to revitalise itself
Today's stories from around the web: Google plans to launch new social features | Macworld opens without Apple keynote for first time | Electronic Arts gives gloomy forecast
From Google's library project to Apple's iTunes store, 'cloud capitalism' provides an innovative way forward for business – but raises more questions about privacy and security