Facebook Announces Top Applications

Facebook has just announced the first five winners of $225,000 each in cash grants from the $10 million fbFund. The list was narrowed down from a list of 25 finalists chosen last month. No doubt this is very welcome to startups at a time when venture funding seems to be heading into hibernation, especially for still-unproven social-networking business models.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.