If you have been on Facebook in the past few days, you might have noticed some significant changes. In order to compete with the new Google+, Facebook has changed its friend lists to allow more privacy, added a subscribe button, and added a real time feed with the latest updates. But this is only the beginning of the alternations that Facebook has planned. At the F8, its annual conference, Facebook announced that it would be releasing a major overhaul of user profiles, as well as new apps for music, video, and social news. An example of a feature is timeline, which will display all of your important events of your life (that you shared on Facebook) on a single page.
To learn more about all of the changes that Facebook is planning on roll out, check out this video on Mashable.com: http://mashable.com/2011/09/22/facebook-f8-live-video/#26983Timeline-Mobile