Smart move on Facebook's part. It's competitive monetarially with other grad school fellowships, and access to FB's resources could be helpful. However, there's

Smart move on Facebook's part. It's competitive monetarially with other grad school fellowships, and access to FB's resources could be helpful. However, there's potential for the fellow to not be able to publish results, due to Q. What are the intellectual property implications of a Facebook Fellowship? A. Facebook intellectual property rules are industry standard but we strive to work with each partcipant to create a workable arrangement on a case-by-case basis that is consistent with the educational mission and Facebook's need to protect its confidential information and other intellectual property rights. I think it's a great way for Facebook to get access to some smart people for pretty cheap. And if you want to work at FB, it'd probably help to have been a Fellow.