The popular social networking platform is about to face some new restrictions by the Federal Trade Commission around privacy. We'll see if users 'like' them.

The Federal Trade Commission steps up its rules on how companies write and change their privacy policies

So it's probably not the best idea to complain about your boss on Twitter or Facebook -- but the National Labor Relations Board argues that workers have the right to discuss working conditions on social media, positive or otherwise.

By now you may have heard that your Facebook data may have been taken by third party application developers and moved over to ad companies. The Wall Street Journal reported that of the top 10 apps on Facebook, all 10 were engaged in this practice. Some of them were even capturing info about your friends and then selling it. So what happens now?

Facebook is expected to deliver a mea culpa of sorts as early as today. The social network has made a number of changes to its privacy policy -- allowing it to share users' information. Janet Babin reports it seems a lot of its users are waiting for an explanation.

Location-based marketing is fast becoming a pivotal next step for the social media-aware business. And when Facebook unveils its new service, it'll be the biggest player in the market. Janet Babin reports.

Facebook recently launched its new "like" button, which lets you flag all kinds of preferences to share with friends. Commentator Farhad Manjoo explains how popularity will make these little buttons powerful.

Location-based applications are where it's at today -- software for your smartphone that allows users to share where they are. The business opportunities have not gone unnoticed. Jeff Tyler explains.

Facebook wants to adapt its site to incorporate updates from non-Facebook sites, which would lead to a lot of potential for targeted ads. This also means more info for advertisers on your browsing habits. Jennifer Collins reports.

CNET reporter Caroline McCarthy talks with Kai Ryssdal about what Foursqaure is, and whether it has the potential to become the next Facebook.