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Facebook windfall to help California fill budget hole

Facebook's initial public offering will make lots of its staff in California rich -- and should therefore help the perennially cash-strapped state fill a whopping $16 billion budget hole.

'Like' Facebook stock? Experts weigh in on IPO

(AP) -- Facebook's much-hyped initial public offering promises to be an exciting spectacle when the social media giant goes public this spring. But should you update your status to "shareholder"?

Thailand welcomes Twitter censorship tool

Thailand, which regularly cracks down on Internet content deemed critical of its revered monarchy, on Monday welcomed social media giant Twitter's controversial new censorship policy.

China cracks down on 'fake journalists and news'

China said Monday it had launched a campaign to crack down on "fake journalists and news" and "illegal media outlets", as it further tightens its grip on the media in the Internet era.

China web giant Tencent buys into film maker

Chinese Internet giant Tencent has bought a 4.6 percent stake in mainland film and TV producer Huayi Brothers Media to look at possible ways to combine film and new media, the firms said Tuesday.

Newspapers make move to online only

If the Seattle Post-Intelligencer stops publishing in print but stays alive in some form online - as now seems likely - it won't be the first daily newspaper to make the move.

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