— Facebook has hired Chamath Palihapitiya, a former executive at AOL, most recently, an investor for Mayfield, as VP of product marketing and operations, reports WSJ. “One of Mr. Palihapitiya’s key challenges will be to better define Facebook’s business model, by finding new ways to make money and explaining them to each of the company’s constituents — such as users, advertisers and Web companies developing services for it — without alienating anyone,” WSJ elaborates helpfully. Meanwhile, more speculation that Facebook might go public soon.
— Scripps Networks shifted Beth Higbee to a new post as SVP and GM of emerging ventures. In the new job, she will concentrate on creating