Mark Zuckerberg, in case you were wondering, thinks Facebook is doing just fine. Nothing "has made me really think that the fundamental strategy is wrong or that what we're building isn't valuable," the young CEO said Tuesday during the company’s first shareholder meeting since its IPO last May. Still, as Reuters reports, a number of investors expressed frustration over the fact that they have so far been unable to recoup their original investments in the social network.   

Why did Google just spend a reported $1.1 billion to $1.3 billion on social mapping service Waze? TechCrunch counts the ways. For one, the search giant most likely didn’t want Waze’s other suitors -- including Facebook and Apple -- to have establish any competitive advantage in online mapping. With Waze, Google is also getting a talented pool of engineers, and a ton of fresh data. “Waze doesn’t consider itself a ‘Mapping Company,’ but a ‘Big Data Company,’” TechCrunch notes. 

Pursing further global growth, Pinterest this week debuted a new site for French users. “The French version is being launched simultaneously on Web, iOS and Android, and follows news in May of Pinterest in the UK, the site’s move into international waters,” TechCrunch reports. “The big challenge for Pinterest now is to use its position not only to stay ahead of the pack, but to take things the next level.” 

Is Upworthy the fastest-growing media site in history? So Fast Company says of the site, which is dedicated to re-sharing stories with social impact. “Upworthy, which MoveOn founder Eli Pariser started in March 2012, clocked 8.7 million monthly unique visitors within its first six months and now garners more than 10 million uniques a month.” What’s its secret? In FC’s words, by being a sort of “soulful Buzzfeed.”    

Year-over-year, news publishers are running three times more ads, according to new survey results from DoubleClick. Citing data from Google’s ad service, paidContent notes that news publishers are also relying increasingly on automated real-time exchanges to sell their ads. Also of note, 40% of the video ads that ran between January and March of this year were from first-time video advertisers. 

By 2015, media and entertainment companies expect a majority of their income (57%) to come from digital sales, according to a new report from Ernst & Young. “The digital transition isn't this thing of tomorrow to keep in the back of the mind, it's here,” John Nendick, Ernst & Young's global head of media and entertainment, tell The Wrap. 

As part of a broader effort to establish itself as a respectable news outlet, BuzzFeed has hired the Guardian’s Moscow bureau chief, Miriam Elder, to be its foreign editor. “BuzzFeed is in the process of a rapid-fire evolution from banal list site to serious news player,” paidContent reports. “Its hiring of a senior Guardian journalist also reflects its enviable financial position.” 

Despite their increasing popularity, nonprofit news Web sites are struggling to establish sustainable business models, a new study from the Pew Research Center finds. “When asked their greatest need, more of the sites talked about business and marketing help rather than writers or editors,” Bloomberg Businessweek reports. 

The government is starting to scrutinize product endorsements that celebrities broadcast to their massive social media networks. “Under F.T.C. guidelines, companies and the celebrities they are sponsoring risk being deceptive by not noting that these endorsements are advertisements,” The New York Times’ Bits blog writes, citing comments Mary Engle, associate director of the advertising practices division at the Federal Trade Commission. 

Following months of similar rumors and speculation, AllThingsD insists that Google is “very close” to acquiring social navigation startup Waze. “While no deal has been inked yet, the acquisition is likely to be finalized in the coming days,” it reports, citing sources. “The deal could reach upwards of $1.3 billion, according to Globes, which first reported the news of the impending acquisition.”