1. SOCIAL FAIL

    Facebook to Pay $10M in Lawsuit

    The sign at the entrance to the Facebook main campus in Menlo Park, California, May 15, 2012.  Facebook, the world's most popular internet social network, expects to raise USD $12.1 billion in what will be Silicon Valley's largest-ever initial public offering (IPO) later this week.   AFP PHOTO / ROBYN BECK        (Photo credit should read ROBYN BECK/AFP/GettyImages)

    Robyn beck, AFP / Getty Images

    Facebook will pay $10 million to settle a lawsuit filed by five Facebook users, court documents made public over the weekend revealed. The plaintiffs claimed that Facebook’s publicizing users “likes” of certain companies for its “Sponsored Stories” advertising feature without paying them or allowing them to opt out violated California law. “Sponsored Stories” are advertisements that act as a Facebook friend’s referral and include the person’s name, profile picture, and a claim that the person “likes” the product. The potential class-action lawsuit could have included one in three Americans and resulted in billions of dollars in damages.

    Read it at MSNBC