The new Facebook home page goes live on Wednesday, which means time is short for anyone with piled-up grievances against the site in its present form.

Jon Stewart is coming after the CNBC media money-chat guys -- just like he came after the media conservatives back in 2006 -- and boy is America getting some good catharsis out of it.

What a week for AOL! 

Tuesday, the Time Warner unit began its third round of layoffs since 2007, with 700 employees, or 10 percent of the workforce, in line to get the ax. Then Thursday, AOL replaced chairman and chief executive Randy Falco -- only two years into the job -- with Tim Armstrong, a Google senior vice president.

Web series may not be the red-haired stepchild of TV shows for much longer: The Streamy Awards are here.

The Streamys are the first awards to be given to series produced specifically for the web, with honors to be given out in 25 categories. To be eligible, a show has to have streamed at least three episodes. Most episodes are under five minutes, in keeping with the genre's quick-and-cheap roots.

After Natasha Richardson’s fatal accident Tuesday, tweets poured into the Twittersphere from around the world -- at some points, 20 new Richardson-related tweets clocked in every minute. By her death Wednesday evening, her name was at the top of Twitter trends. The whole tragic event gave a perfect glimpse into the many functions of Twitter:

First comes raw news (complete with typos):
 

Obama’s appearance on Thursday's  “Tonight Show” had an 11.2 rating, according to Nielsen, which means 11.2 percent of Nielsen households were watching, making it among the top five Leno shows ever. The evening showcased exactly why all those viewers bother to tune in: the President does well on TV. As controlled as he is, he’s no control freak.

The CWalken Twitter account has become one of the Web's biggest mysteries. It's got 73,000 avid followers, and gets regular shout-outs not just in Twitterdom but in places like New York Magazine's Vulture blog as well. Many say they doubt the actor writes them himself -- but they don't really care.

The Supreme Court spent the day Tuesday grappling with the question more and more on everyone’s mind these days: What is journalism, anyway?

At issue is whether “Hillary the Movie,” a 90-minute film sharply critical of Hillary Clinton, was correctly subjected to campaign laws during the fall election season. The film had been blocked by a federal court from running ads or airing on cable TV or video-on-demand during the campaign because it was made with some corporate funds and the group behind it, Citizens United, did not want to disclose its backers.

Updated Friday at 5 pm: 

This devastating note just popped into my email from CWalken: 

"It's been fun! Twitter has decided that the CWalken account is not in their best interest. Alas!"

I will be following up. Twitter's policy is to shut down fake Twitterers. But as CWalken has pointed out to me, he never claimed to be Christopher Walken, just "Chris Walken from Manhattan."

Well, I hope Mondo Media wasn't the cause.

Previously: 

Funny thing: Awards shows represent everything that’s gone wrong with Hollywood, but on Saturday night, an awards show captured what feels right about the fledgling web TV industry.

It was the very first Streamy Awards, sponsored by Kodak and presented by the newly minted International Academy of Web Television, formed late last year to try to give some institutional structure and heft to the scattershot world of web TV.