38-year-old Young Republican leader Audra Shay got in some trouble for lol-ing at racism. She is standing tough, though! So it is time to go back and find all the other crazy in her Facebook feed, for our own lulz.

The blog ScriptShadow got hold of the first draft of Aaron Sorkin's Facebook movie. The verdict? The movie reads oddly mesmerizing, and has an unexpected hero: Sean Parker, an early investor in the social network.

Sure, the Department of Defense designed it to be military-grade rugged, but no one really knew if the internet could handle a memorial service webcast of a pop megastar. Oh, it was brutal. From a network engineering perspective.

It's that time of year again, time for the Allen & Co's annual media industry confab in Sun Valley, Idaho. Occasionally described as a "summer camp for billionaires," the Herb Allen-hosted event is expected to atrract more than 250 media chiefs, tech moguls, financiers, Hollywood agents, and politicians, as well as the odd sports star or two. (LeBron James will be putting in an appearance this year.) Mostly, however, it will be populated by the sort of people who make it a point to show up every year, people like Bill Gates, Warren Buffett, Barry Diller, Sumner Redstone, and Rupert Murdoch, all of whom will undoubtedly be photographed over the coming days taking part in one of the many leisure activities arranged for attendees, like rafting, yoga, chess, bridge (a particular fave of Buffett and Gates), and biking (see Diller, left).

As it has for so many other celebrities, death has bolstered Michael Jackson's image. The late pop singer just surpassed Barack Obama to hold the most popular page on Facebook. The numbers are pretty staggering:

First of all, why is a vice chairwoman of the Young Republicans 38 years old? And secondly, why is she "lol"-ing at racist Facebook comments? Oh, right, because she is a vice chairwoman of the Young Republicans.

Unemployment is through the roof, but Marc Andreessen just landed a new job: Venture capitalist. The Netscape co-founder officially has $300 million to play with, and that's all the more impressive for the black marks on his investing record.

British secret agents are supposed to be exponentially smoother than their American counterparts. We get Ethan Hunt, they get James Bond. Except, not, because the chief of MI-6's wife had her Facebook profile set to public. Very public.

It's lonely at the top, as you may have heard. But we didn't realize it was this lonely. According to BusinessWeek, a big bunch of CEOs have joined social networking sites like LinkedIn and Facebook, but most of them have very few friends to speak of:

James Franco: "Only the douchebags at Columbia would dare take a picture of me sleeping in class." Andy: "Why is that?" James Franco: "I sleep at NYU all the time and no one bothers me." [Columbia Student Andy Nguyen's Facebook]

Ben Mezrich's forthcoming Facebook exposé was sold to film producers before it was even written. The Hollywood influence helps explain why the book answers such pressing questions as, "Who might the co-founders have conceivably boned, and where?"

Clarium Capital boss Thiel was an early investor in Facebook, where he sits on the board of directors. But Thiel, an outspoken campus conservative at Stanford, has had trouble reconciling his self-professed faith in science and innovation with the "fraud" he argues "major research is turning out to be."

• New York Times Co. CEO Janet Robinson "isn't happy with the media." She'd also like to make it clear that the company is not currently up for sale, so please put your dollar bills back in your wallet, thank you very much. [MW]
• Ten movies will compete for Best Picture at the Oscars now, not 5. [THR]
• Sad: Dick Cheney landed a $2 million deal to publish his memoir. [NYT]
• Also sad: MSNBC, the illustrious home of blowhard Keith Olbermann, seems to think its tired prison docs are more important than covering Iran. [LAT]
• Director David Fincher is in talks to make a movie about Facebook. [Reuters]
• The always classy In Touch spent $75,000 to purchase photos of Kate Gosselin spanking her kids in public for its cover last week. [WWD, NYP]

Columbia Pictures is close to securing a director for its Facebook movie: David Fincher, of Fight Club fame, is reportedly in advanced talks. He'll be expected to move fast, before the market for a movie about the social network evaporates.

Someone sent us the Associated Press' guidelines for staff social networking and, in keeping with company tradition, they're on the paranoid side. You should probably read them, since basically everyone in the world must now follow them.

Facebook's creation myth has left the building, or so we hear: Fortune is said to be readying an excerpt of Ben Mezrich's tell-all book and movie about the social network. And another publication is, naturally, trying to ruin the scoop.

Sure, people have made books out of tweet collections and websites about emails and fatty foods, but has anyone parlayed a lone Facebook update into old-media glory? This might actually happen, insanely enough.

As co-host of the Wall Street Journal's $5,000/head D conference, reporter Kara Swisher demands best behavior from her guests. Invite her to your startup, though, and she'll taunt your chef, heckle bizdev and mock your taste.

Yes, Facesquatting: proportionally, the dirtiest term possible for the most inane thing it could be applied to, which, in this case, is taking a Facebook user name that's not yours. And now it's a hysterical, brainless internet meme.

Run for your lives, Silicon Valley's terrifying nightlife is upon us! Any minute now, Twitter plans to start the party by assigning an extra-large numeric ID to a tweet, thus breaking various Twitter programs. Then Facebook makes its move.