319w ago - Microsoft has paid $240m (£117m) for a 1.6% stake in Facebook that values the hugely popular social networking site at $15bn (£7.3bn).
Facebook spurned an offer from Microsoft's rival Google, which was also keen to invest the site.
Microsoft will also sell internet ads for Facebook outside the United States as part of the deal that took several weeks of negotiating.
Microsoft already provides banner advertising and links on the US site.
Mark Zuckerberg started the online social networking site in his Harvard University dorm room less than four years ago.
Mr Zuckerberg, 23, has indicated he would like to hold off on an initial public offering for at least two more years.
He rebuffed a $1bn takeover offer from Yahoo last year.
320w ago - "Second Life for jobs? Get yersel' a first one, hen," would be the pragmatic comment of Glaswegians. Just so did an Edinburgh paper advise 'tone it down' to a recruiting story a decade ago where a print job ad, carried only the company's web address.
But savvy job-hunters know Facebook and MySpace have job hire employer pages, and that Hewlett-Packard and Microsoft recently joined TMP ad-recruitment in a Second Life (SL) virtual job fair. It changes some interview rules. SLifers are to take care choosing and dressing their avatars, that offer social clues and signals, they need manipulation skills to sit, rather than float, and should not 'shout' by typing capitals.' Final caveat, many job hunters missed interviews by mixing up time zones.
326w ago - Popular social networking site Facebook has added a public-facing search function in a move which is likely to anger privacy advocates. The function will initially allow anyone who is not registered with the site to search for a specific person.
More controversially, in a month's time, the feature will also allow people to track down Facebook members via search engines such as Google.