Facebook to produce own TV shows

Facebook has revealed plans to produce its own TV shows, talking with Hollywood studios and willing to pony up $3m per episode in order to get in on some of that exclusive TV-show goodness. According to Sky News, two shows are already in the works; a game show and a relationship drama.

CEO Zuckerberg tweaks Facebook mission to focus on groups

Reuters reports that Facebook is tweaking its mission to focus on groups, the Facebook feature that creates online communities. This is an excellent choice, as it is well known that building online communities increases stickiness. This allows Facebook to try to dissuade people from leaving it for new social networks.