Facebook F8 add a “Like” button to any piece of content on a website by the owner. This feature is now integrated within around 2.5 million websites worldwide, with 10,000 more being added daily. Additional news and announcements included: F8 2011 was held on September 22, 2011. Various things Facebook introduced at the conference included a new profile redesign named 'Timeline' that showed a history of user's activity on their profile, and a broader, more advanced version of the 'Open Graph' protocol. The F8 2011 event was mainly focused on introducing new products, transforming industries, building and growing social applications and product
S corporation of partnerships. As with partnerships, the income, deductions, and tax credits of an S corporation flow through to shareholders annually, regardless of whether distributions are made. Thus, income is taxed at the shareholder level and not at the corporate level. Payments to S shareholders by the corporation are distributed tax-free to the extent that the distributed earnings were previously taxed. Like a C corporation, an S corporation is generally a corporation under the law of the state in which the entity is organized. However, with modern incorporation statutes making the establishment of a corporation relatively easy, firms that might traditionally