Facebook is rolling out an Instapaper-like ‘save for later’ feature to bookmark updates that you want to reference later or read at your leisure.

Google has acquired Wildfire, a social media marketing and advertising startup, which enables brands to advertise on social platforms like Facebook, Twitter, LinkedIn, Google+, Pinterest etc.

If you’re still using the old Facebook profile layout, and haven’t made a switch to the new Timeline, then your next login to Facebook could surprise you, and might leave you wondering — what happened? That’s because Facebook is planning on rolling out the Timeline to all users.

Yet again the social networking giant Facebook has announced a new look and feel for its photo layout, with a change that gives users a new photo viewing experience, and making photos appear larger and easier to interact with.

Apple may be looking to make a strategic investment in Twitter, in order to build a stronger relationship with the company and become more social.

Back in 2010, Facebook started their first India operations office in Hyderabad, and the total number of user base in India was roughly around 8 million. Today, two years later, Facebook records that the Indian user base has increased to over 50 million in number.

During the company’s first-ever quarterly earnings after the it went public, Zuckerberg stated in a statement that the company is not planning on a “Facebook Phone.”

Facebook has just reported its second quarter financial results, which includes revenues of $1.18 billion, and earning per share of $0.12. This is Facebook’s first-ever quarterly earnings after the company went public with its IPO in May 2012.

Facebook has launched a new social plugin for the site called the Recommendations Bar, which helps people filter and find articles based on the “likes” made by their friends. The little bar pops up from the bottom-right of the screen while you’re reading an article and reach the end of it.

Facebook is apparently working with HTC to build its own smartphone, which will be integrated deeply with its various services.

Zynga posted Q2 2012 earnings today, with revenue of $332 million, up 19% year-over-year, but a net loss of $22.8 million. Its stock has crashed 40% post-earnings.

Foursquare has launched Promoted Updates, a new type of ad unit to monetize its hyperlocal user base and generate revenue from local businesses by guaranteeing footfalls. .

Facebook has rolled out additional marketing tools for Pages on its platform. They include scheduled page posts, unpublished page posts and page admin permissions.

Facebook will report its earnings for the second quarter of 2012 on July 26. This will be its first post-IPO earnings release.

Facebook has acquired Acrylic, a Mac and iOS app development studio. Acrylic makes apps like Pulp, a news reader, and Wallet, a security app.