Twitter has 1 million active users
Five years ago, Twitter came to life when @jack sent the first Tweet to his seven followers. Now 100 million active users around the globe turn to Twitter to share their thoughts and find out what’s happening in the world right now.
Read more about Twitter on their blog.
Facebook's extra privacy setting
Facebook's new feature allows you to approve tagged photos or posts before they appear in your news feed or your wall. Out of all of the new privacy settings, this is the one feature that you really must turn on as soon as it becomes available to you.
Read more on this story at AllFacebook.
Twitter will have more promoted tweets
Twitter has started putting promoted tweets in users’ timelines this summer, but was careful to note that you would only see them if you followed the brand. It was revealed this week that everyone would start to see promoted tweets in their timeline, regardless of how they’re accessing Twitter
More on this article at Mashable.
Facebook begins autogrouping friends
Facebook is beginning to rolling out “Smart Lists” to selected users which, as the name implies, intelligently groups certain obvious groups of friends into pre-packaged lists. This could be Facebook's response to the Google+ circles.
Continue reading at Techcrunch.
Wildfire's Storyteller App
Social marketing service Wildfire has launched a Facebook App focused on creating better content for Facebook’s Sponsored Stories. Sponsored stories allow brands to turn user activity such as checkins, wall posts and likes into a small advertisement that appears to the right of the newsfeed.
More available on the Wildfire Blog.