Facebook Exploring New Businesses: ‘Gifts,’ Video

We just noticed that Facebook is rolling out a new feature: gifts, which one member can give to another (see screenshot below). Once you receive gifts, they seem to appear on your wall and in a “Gift Box” portion of your profile. It’s unclear if gifts will cost money, but virtual icons have been a big business for social networks like HOT or NOT and Dogster.

Today Facebook also announced a partnership with Comcast that includes the site’s first foray into user video uploads. Get the rundown on NewTeeVee. It’s extremely limited — videos will be submitted as part of contests, and compiled into a half-hour “Facebook Diaries” show — but video is a new and interesting advertising stream, something our contributor Robert Young suggests Facebook desperately needs.