We all know Facebook is continuously evolving, and just recently the social networking behemoth made some announcements that will likely make its popularity even larger, partly by making things smaller. On Thursday Facebook launched Facebook Lite, which is basically a scaled down version of the current Facebook site. Existing users can log onto Facebook Lite and it even uses the same cookies to recognize you if you are already logged in. All you friends are there and you can post messages, but it’s just got a little fewer “pieces of flare” about it.

The idea for Facebook Lite is to make a slimmer version of Facebook, not too unlike Twitter, that more people could use in places that have limited access to bandwidth, so the pages are not so “heavy” to load. So far the site is ironically only available in the U.S. and India, but I suppose they have to test it out somewhere. Chances are it will be rolling into some more obscure areas of the world soon.

I am not that big on social networking. I have a Facebook account but I have never posted images, don’t post the minute details of my life and I only log on when someone I know asks to be my Facebook friend.

If you are a heavy user of social media like Facebook and YouTube a new app from a company, called yourBusinessChannel may make keeping everyone updated on your life easier. The app connects to Facebook and YouTube allowing the user to post comments to YouTube videos that are also posted to Facebook at the same time.

The new Facebook application from RIM will send out a ping with new notifications and messages and also allow you to scroll through them just like you do in regular email. Plus, the photo upload tool is integrated into the camera and photo software.

You can pretty much do almost anything you can on Facebook, thanks to the onscreen icons. With a touch of your finger, you will be able to invite people to join Facebook and accept new friend requests. Just like that it’s done. No adding them later after you’ve gotten home and forgotten everything. Of course you can also poke someone and write on a Wall.

Suppose you own a company that both Microsoft and Google want to own a part of. Who do you choose to do a deal with? Do you base your decision on which company you think will be the stronger in the future or just on who’s offering the most cash? This is the present dilemma that Facebook owner Mark Zuckerberg is facing right now. Both Google and Microsoft are neck-and-neck with striking a deal that would see either one of the two online titans getting a 5-to-10 percent ownership with Facebook. The deal is expected to close sometime today or tomorrow.

The potential deal is likely to be huge for whomever gets it. Both Microsoft and Google are set up to capitalize on serving advertising to Facebook’s 34 million members. No one from either of the three companies is offering to comment about the deal but if the “The New York Times” is reporting that it exists, take it to the bank.

The 24-million-user social networking site Facebook has announced that they are opening up their site to third party internet businesses and developers to build applications targeting the sites users and taking advantage of the social networking information that it holds. Facebook, a social networking site similar to and in direct competition with MySpace, has drastically grown in popularity over the past few years mostly with the younger high school and college crowds.

The official announcement launches with new web application features built on the open platform and offered by 65 online companies such as Amazon, Microsoft, Photobucket, Slide and various news organizations. The developers are able to make applications that show advertisements to users or they can build tools onto the site for transactions and interactions between users. The real kicker with this open platform is …