The good news (in a sense) for Facebook today came when a federal judge decided to delay his ruling on the Connect-U vs. Facebook lawsuit because the judge didn't have enough infront of him to determine if the case was really, well, a case, and even seemed to get a little upset with the Connect-U people saying "Dorm room chit chat does not make a contract." The judge then went on to say "You haven't told me anything other than there's something out there."

The federal judge gave Connect-U until August 8th to get its you-know-what together so he can see if there really is a case here.

The Facebook / Connect-U saga gets even better as CNBC is now reporting that Facebook might also have a lawsuit planned against Connect-U "for allegedly trying to hack into Facebook in order to steal the e-mail addresses of users, and to try to lure them to Connect-U."

And to top it all off ... even with all the lawsuits that seem to be swirling around Facebook, the company has managed to hire YouTube's former CFO, Gideon Yu.

I guess is just a normal day in the life of Mark Zuckerberg.

Facebook has announced the completion of their very first acquisition by acquiring Parakey, a startup run by Blake Ross and Joe Hewitt, co-founders of Mozilla Firefox.

Going by the comments of Mark Zuckerberg, founder and CEO of Facebook, it seems as if the deal was more about getting Blake Ross and Joe Hewitt on board at Facebook than what Parakey had to offer ...

Blake and Joe built the Firefox web browser and then turned to the developer community to build on top of the foundation they’d established, not unlike what we’ve done with Facebook Platform ... The work they’ve done with Firefox and Parakey and their approach to building products fit right in at Facebook.