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It’s hard to believe that this is true but Valleywag usually gets this stuff right:

Last month we told you that Facebook employees can see your profile even if it is private. Now we hear that they are willing to share your private profile with your boss. All he has to do is ask. A poster on the AR-15 Forums, a firearms-enthusiast website, says her bosses asked Facebook for permission to see her profile — which is normally set to private for everyone but her friends — through something called Administrators Access.

Source: valleywag.com via mtippett

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Updated: Facebook PR writes in to us and says the Times UK report is false, and says: ”no offer has been made and no acquisition in China is being considered by Facebook.” That sets the record straight…

Original post: Facebook has offered $85 million for college social network Zhanzuo, buying its way in to the lucrative Chinese market, Britain’s The Times reports, without attributing a source. On the record, Facebook only said Zhanzuo CEO Jack Zhang and Facebook founder Mark Zuckerberg ”were acquainted but this did not mean that they intended to reach a deal”: “There could be more information by the end of the month”….in another story, an “unnamed insider” tells Sina (NSDQ: SINA) (via PacificEpoch) Zhanzuo will, in fact, take second-round funding of $7.2 million at the end of the month - the round involving first-round backer Sequoia. So all very speculative so far.

Source: paidcontent.org via mtippett

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Tags: britain | Britain | China | Sina | acquainted | Acquisition | attributing | Chinese | college network | facebook | Funding | information | intended | Jack Zhang | lucrative | Money & Stuff | report | second-round | Sequoia | sets | source | tells | times | Zhanzuo | Zuckerberg