A recent study showed that social networks like Twitter and Facebook are potentially more addictive than cigarettes or alcohol, and now we may have an idea why. A group of scientists from MIT in Massachusetts, IULM University in Milan and two other laboratories in Italy found that people showed physical and psychophysiological responses while using Facebook similar to those exhibited by people while playing a musical instrument or engaging in other creative activities. Beyond wanting to use Facebook for obvi...

A new study suggests that social networking services such as Facebook and Twitter are more difficult to resist than cigarettes or alcohol. A team from the University of Chicago’s Booth School of Business recently conducted an experiment involving 205 people in Wurtzburg, Germany to analyze the addictive properties of social media and other vices. Participants in the week-long study were polled via BlackBerry smartphones seven times per day and asked to report when they experienced a desire within the p...

Facebook on Wednesday formally filed documents with the U.S. Securities and Exchange Commission in its first step toward an upcoming initial public offering. Facebook said it is looking to raise $5 billion with its IPO, which has been eagerly anticipated by the Street and by investors. Morgan Stanley, JPMorgan Chase, Goldman Sachs and others will underwrite the offering, and Facebook could raise as much as $10 billion following its IPO. Reports surfaced this past Friday stating that Facebook had plans to fi...

President Obama will be hosting his first Google+ hangout tonight at 5:30 p.m. Eastern. In the discussion, the president will be answering questions that were submitted over the past few weeks through YouTube. Google maintains that the White House has had no role in which questions will be selected. Google’s team will instead choose the top-rated questions among those submitted, ensuring there will be several different issues discussed. The event will take place in the Roosevelt Room of the White House ...

Facebook plans to file for its initial public offering as soon as Wednesday next week according to multiple reports from Dow Jones Newswires. Morgan Stanley is expected to win the deal to lead the highly anticipated IPO, and Goldman Sachs is also reportedly expected to play a role. According to Dow Jones Newswires, Facebook is currently looking at a valuation between $75 billion and $100 billion. Following next week’s anticipated filing, it will still be several months until the company goes public. The...

Facebook announced on Tuesday that the company’s Timeline feature will be forced on users “over the next few weeks.” Facebook introduced the Timeline feature last year, which transforms a profile page into a timeline of a user’s life, highlighting photos, posts and life events that help tell the user’s story. Once activated, people will have seven days to preview the Timeline content before it goes live on the account. Last week, Facebook added a feature that enabled apps to po...

Over the past week, notorious hacker group Anonymous has launched numerous DDoS attacks that disrupted service to a number of popular websites. The global hacker collective recently took down websites belonging to the Department of Justice, Universal Music, the Record Industry Association of America and the Motion Picture Association of America to protest SOPA, PIPA and the takedown of Megaupload. According to a new video posted on Monday, Anonymous now aims to take down Facebook. It in unclear as to why F...

Facebook on Wednesday evening announced new applications that can be used to populate users’ Facebook Timelines with new information. The initial launch apps include Foodspotting, Foodily, Ticketmaster, Pinterest,Rotten Tomatoes, Pose, Kobo, Gogobot, TripAdvisor and several others. “If you’re a traveler, you can add the Gogobot and TripAdvisor apps to bring a virtual passport to your timeline, and show your friends where you’ve been and share tips about your favorite spots from...

Hewlett-Packard has made some wild decisions regarding Palm and webOS following the acquisition in 2010. HP bought Palm for $1.2 billion in April of last year, killed webOS hardware, and then reportedly tried to sell Palm and the dead operating system for $1.2 billion, VentureBeat said Wednesday. Among the companies approached by HP? Facebook. According to the report, HP tried to offload webOS to the social network but the company was “practically laughed out of the room” by Facebook executive...

Facebook on Thursday activated its Timeline feature for all users of the social network. Facebook’s Timeline totally revamps a user’s profile page and lists events, such as check-ins, new friends, photos and more, in chronological order. We registered as a developer and have been using the Timeline feature for the past few months. We love that we’re able to go all the way back to 2004 when we first joined the social network to see early posts, but it’s a bit tedious to go through years...

Beating out popular own-brand apps like Google Search, Gmail, Google Maps and YouTube, Facebook holds the title as the most actively used Android app. Market research firm Nielsen on Monday published the findings of a month-long study to determine the most-used Android apps currently available for the platform. The study made use of Nielsen’s proprietary on-device monitoring software, which has been voluntarily installed by thousands of panelists across the country. Beyond the Android Market itself, F...

Facebook has totally overhauled its Android application to better align with the UI available on the iPhone and the iPod touch. There’s a left navigation sidebar for quick and easy access to your messages, profile, friends and more. Your timeline takes the stage, front and center, right when you launch the application, so you don’t have to go tapping through menus to find status updates. “Photos and albums are up to two times faster than the previous Android app,” Facebook explained in...

Gowalla on Monday confirmed it was recently acquired by Facebook. “About two months ago, my co-founder Scott and I attended F8,” Gowalla co-founder and CEO Josh Williams wrote on the company blog Monday. “We were blown away by Facebook’s new developments. A few weeks later Facebook called, and it became clear that the way for our team to have the biggest impact was to work together. So we’re excited to announce that we’ll be making the journey to California to join Facebook.” Go...

YouTube served up more than 20 billion video views during the month of October — 49.1% of all 42.6 billion video views on the web during the month. The research was recently published by comScore, which also found that Google and YouTube had a total unique audience of 161 million viewers, nearly three times that of Facebook, which served up the second most video views during the month. Facebook had 59 million unique viewers and 346 million video views. VEVO, the popular music video website, was the No.3 sit...