This document summarizes how Facebook pages have evolved over time and the key changes introduced with Facebook's new timeline feature. It outlines 8 important facts about the timeline layout for brands, including a larger cover photo and profile picture, changes to tabs and apps, and new features like pinned posts. It then discusses the motives behind frictionless sharing across apps and the potential positive and negative consequences for brands, advertising, and user privacy. The document raises questions about how these changes might impact engagement and targeting on Facebook.