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.

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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.

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

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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.

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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. .

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 They include scheduled page posts, unpublished page posts and page admin permissions.

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

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

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Spool - Mobile Social Bookmarking Tool

Facebook acquires the Spool team. Instead of acquiring the company, Facebook has exercised a strategy of its own to get the expertise of the successful product team in the area of mobile social bookmarking.

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Nearly four months after the launch of Facebook Timeline for desktop, the social networking company has now started to roll out the Timeline layout for pages to its mobile version starting this week. Timeline for user profiles was rolled out on mobile at the same when it was launched on desktop, however, Timeline for pages took a little while to arrive.

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There seems to be some sort of bug on Facebook where users complaining that some of their photos in their albums have gone missing. Users are stating that the photos are replaced with blank boxes, although there is no error is displayed.

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Twitter has finally launched the official app for Series 40 feature phones. On the other hand, Facebook has released a new update for its official Android app.

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With the popularity of birthday reminders, Facebook is now adding up a similar notification feature for engagements and weddings, which will notify you when your friends are getting married or engaged, so that you don’t miss congratulating the couple, or scare them about marriage life :P

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Keeping track of upcoming events on Facebook is a lot easier, as the company has finally redesigned Events with the all new List view and Calendar view that is designed to highlight the upcoming events such as birthdays, parties, and suggested events.

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Facebook, on Tuesday, made an announcement stating that Page owners can now change the vanity URLs of their page to anything they want. However, this change is allowed only once and cannot be changed again no matter what.

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