A new Facebook Scam is underway. The Cashreport.org scam is hitting Facebook and users are writing weird messages on their Friends wall about the money they made thanks to Cashreport.org

Twitter has added new feature to show common followers between you and another users. You can also block retweets from a user from appearing in your timeline. Users will also be able to see which friends are following a person and what kind of lists they are part of.

Twitter has launched official Retweet buttons in partnership with Tweetmeme. You can use the Retweet buttons on your site.

Unsubscribe from Facebook comments and like notifications. Stop receiving notification updates when you comment or like a post on Facebook.

Google has reportedly acquired Jambool, a social gaming startup for $70 million. It is Google’s second acquisition this week, after buying Slide for $180 million.

WizeHive, a Google Wave competitor, is giving away free accounts worth $250,000.

Google has decided to kill Google Wave due to lack of user interest and poor adoption rate.

Trillian 5 Beta is now available for download. The latest update includes Foursquare, LinkedIn, Facebook, Twitter and Windows Live Messenger integration among others.

2.5 Million Muslims have threatened to quit Facebook over removal of certain Islamic fan pages. Another Muslim controversy rages on Facebook.

MySpace has begun testing new and improved profile pages, which offers improved navigation and better social stream.

“The Social Network Movie” is being promoted on Twitter through promoted trending topics by Sony Pictures. Watch “The Social Network Movie” Trailer.

A few days ago we had told you about Twitter’s new @earlybird account which would be used for posting exclusive shopping deals to users, the account has now taken flight and is promoting some exclusive deals to Twitter users.

Starbucks is set to become the first brand to gain over 10M fans or likes on the social networking site Facebook. Currently Starbucks has over 9.98 Million fans and will hit the 10 million milestone today based on trends.

Infosys Technologies plans to introduce a social media policy next month to curb leaks at work making it the first Indian company to introduce such a policy.

A voice-based social networking and blogging platform called ‘HiBuddy’ from Indiatimes that will help users connect with friends even while on the move and without touching a keypad!