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The aim of the present investigation was to study the effect of Facebook uses on life satisfaction and subjective happiness of college students. 150 {75 male and 75 female} college students age ranged 16-30 from Lucknow city of Uttar-Pradesh were selected through purposive sampling technique. In the present study only those students were participated who are using Facebook. Intensity of Facebook Usage, life satisfaction scale and subjective happiness scale were emailed to all participants. Online information was received by the researcher. Results showed that Females scored highest on both scales, recording higher levels of Facebook usage and happiness than their male counterparts. Older age group students were found to be more intense Facebook users, more satisfied with their lives and happiest than younger age group students. Positive and significant correlation was observed between Facebook usage, life satisfaction and happiness of older age group college students. The bivariate correlations between the participants groups, happiness and life satisfaction were positive. The study was found to be very useful for college students.