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Social gaming company RockYou has named Chief Operating Officer Lisa Marino as its new CEO. as the company seeks to get on track after a rocky transition from other businesses.

Google Inc co-founder Larry Page will take over as CEO from Eric Schmidt, a surprise that signaled Silicon Valley's most powerful Internet company was taking the offensive against fast-moving rivals like Facebook.

Facebook founder and CEO Mark Zuckerberg has been named Time magazine's "Person of the Year" for 2010.

Facebook founder Mark Zuckerberg went in front of the world's media this morning and grudgingly announced roll backs on some of the biggest and most controversial changes to the site's privacy settings made since December. The default setting for most content published on Facebook has not changed. It remains public, unlike the private nature of the site when hundreds of millions of people signed up, but control over a few key settings are now being shifted back into the hands of users.

Most everyone in Silicon Valley and on Wall Street agrees: The eventual IPO of social-networking site Facebook could make its founder the world's richest 25-year-old. Yet CEO Mark Zuckerberg seems intent on deferring that multibillion dollar payday.