Facebook has named the first recipients of its new fellowship program for Ph.D. candidates doing research in areas related to "the social web and internet technology," reports the San Francisco Chronicle. The five fellowships went to students working in cloud computing, social computing, behavioral economics, machine learning, and internet economics. The fellowships cover tuition and fees, as well as paying $30,000 for living expenses. That's a huge pile of money to a Ph.D. student, and chickenfeed to Facebook--so this is a cheap way for the company to create some good will with a community of smart people working on problems...

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Laura Ascione

Laura Ascione is the Managing Editor, Content Services at eSchool Media. She is a graduate of the University of Maryland's prestigious Philip Merrill College of Journalism. When she isn't wrangling her two children, Laura enjoys running, photography, home improvement, and rooting for the Terps. Find Laura on Twitter: @eSN_Laura http://twitter.com/eSN_Laura