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Facebook and the banks that financed its IPO want a judge to put the brakes on a slew of lawsuits filed by unhappy investors.

In court documents released Wednesday, Facebook claimed it was not required to reveal its own forecasts on how its mobile and product strategy might affect future sales, Reuters said today, even if that information had been disclosed to its underwriters.

Facebook is facing a host of lawsuits claiming that it misled investors about its financial health before it went public last year. Morgan Stanley and other underwriters are also targeted in many of the suits, blaming … Read more

Facebook Home is ready to entertain guests on Android, but the housewarming party hasn't been as warm as the social network would have hoped. On Wednesday, architect Mark Zuckerberg will likely be asked to address the mess during Facebook's conference call for its first-quarter earnings.

On April 12, Facebook introduced Home, a software suite for select Android devices that puts the company's social-networking features on a person's home and lock screens. Less than a tenth of a percent of the company's roughly 1 billion members have given Facebook's Home a chance. Those who've … Read more

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Top Download News and Features

Promoted Page Likes is a new ad tool attached to Pages and is meant to more conveniently serve small businesses that don't have the targeting requirements, or budgets, of bigger companies. Tuesday marks the global rollout of the tool, first introduced in the U.S. in December, a Facebook spokesperson told CNET.

Page owners can make the simplified ad buys from the admin section of their Pages and choose between showing their ads to people nearby, or in the same city, state, … Read more

Everyone has their two cents about new software releases, but this time your unsolicited advice is, well, being solicited. Today Microsoft has invited Windows Phone 8 users who also happen to be Facebook fans to test out its official Facebook beta for Windows Phone 8--prior to its release. The existing app can remain on your phone alongside the beta version.

The redesigned 7MB app now includes requested features such as support for high-resolution photos, post sharing, and Facebook Timeline, and it also moves away from the "Metro" style interface of the standard Facebook app for Windows Phone 7 and 8, … Read more

Microsoft is seeking beta testers for a refreshed version of the official Facebook app for Windows Phone, which was developed by Microsoft in conjunction with Facebook.

Microsoft officials blogged on April 30 that the company is seeking testers for the refreshed Facebook app for Windows Phone 8. The beta isn't available via the Windows Store (to avoid confusion, according to the Softies). Instead, the beta is available via this link.

The refreshed Facebook app is "undergoing a major redesign," according to the blog post, and will include several "much-requested" features, including support for high-res photos, … Read more

Though the social network is expected to show marked improvement on mobile and 43 percent year-over-year growth in advertising revenue, investor confidence remains low. Facebook shares, stagnant since the company's last report, suggest that the market trusts the long-term health of the social-networking service the way a parent relies on the word of an adolescent child.

As far as numbers go, Wall Street expects Facebook to report $1.44 billion in revenue and adjusted earnings per share of $0.13 when it details its first-quarter financial … Read more

So you've had a couple of beers.

You meet a nice person of your target sex. Well, they seem nice, given that you've had a couple of beers.

At some point, one of you raises your beer cup to clink cups with the other.

The minute the cups clink, you are indelibly linked. At least you are if you're using Budweiser's special Facebook-friending cups.… Read more

If you're bummed out that your phone can't use Facebook Home, this app promises to help. Homebase - Facebook Home Theme claims to give you the lock screen and features you'll see on Facebook Home. Sadly, what it actually delivers is a buggy lock screen that doesn't even lock your phone -- or mimic Facebook Home.

Though this app claims to be a Facebook Home Theme lock screen, it doesn't seem to be. In fact, it doesn't seem to be a lock screen at all. Instead of locking your phone, Homebase shows up after … Read more