http://www.facebook.com/note.php?note_id=467531498919
Quote:
Hacking is a central part of Facebook's culture. Whether we're building the next big product at one of our Hackathons or creating a smarter search algorithm, we're always hacking to find a better way of doing things.
We're starting the Hacker Cup to bring engineers from around the world together to compete in a multi-round programming competition. Contestants will have to successfully solve algorithmic-based problem statements to advance and are ranked by accuracy and speed.
* What: An annual algorithmic programming contest open to hackers from around the world.
* Where: Three online rounds with the finals at Facebook's headquarters in California.
* When: Registration opens December 20th with the three online rounds occurring throughout January 2011. World finals to follow.
* Finals: We'll pay to fly and accommodate the top 25 hackers from the 3rd online round out to our campus.
* Prizes: Of course! $5,000 USD and title as world champion to the top hacker, $2,000 for 2nd place, $1,000 for 3rd, and $100 for 4th through 25th. Awesome t-shirts for the top 300 hackers coming out of the second online round.
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My thoughts: why not hold a 2010 Most Worthless Spam App award too? Oh nevermind, it is already being held. And fuck the cheap prizes too. APparently, if the brag posts on some forums are to be believed, the daily prize is $5K to $10K per (quickly banned) app.

