Facebook Creates $10 Million Fund To Developers To Create Apps

Facebook has launched FB Fund, a $10 million fund from Founders Fund and Accel Partners that will help fund developers and startups apps that work with Facebook, according to CEO Mark Zuckerberg, speaking at the TechCrunch40 conference today, reports Barron’s. Facebook is not putting in cash in the fund, but Zuckerberg will be on the advisory board. Others include Peter Thiel of Founders Fund, Jim Bryer of Accel, LinkedIn