Yesterday, many Facebook users began seeing an update notifying them that application profile tabs would soon disappear. While Facebook previously announced this change to developers, many users were surprised.

Hate speech is a hateful thing, there is no doubt about it. On the web it’s all too easy for people to do it anonymously, posing headaches for any site with user-generated content. For Facebook with thousands of employees but half a billion members worldwide, it’s a particularly big challenge.

As of yesterday, Klout, the app that measures “your overall online influence”, can be used to asses your Facebook influence.

Involver, the social media marketing platform, has surpassed 100,000 customers and closed an $8 million series C funding round, led by venture firm Bessemer Venture Partners.

It might come as a surprise, but app developers and sheep herders have a lot in common. Both professions require the “herding” of a large group of social “animals” toward a goal, so an app developer can learn a lot from a sheep herder according to a new study from the University of Oxford.

This morning Eventbrite released new data compiled over the past 12 weeks which illustrates the value of a share across multiple networks, with the data showing that a Facebook share is worth $2.53.

Today Facebook and Skype officially announced a new partnership which includes the complete integration of the Facebook newsfeed into Skype as well as the phonebook which lists all of a Skype user’s Facebook friends. This is another major partnership for Facebook who has announced numerous partnerships in recent weeks, including yesterday’s announcement with Bing.

A new game hopes to attract players by paying a few of them!

Today at the Virtual Goods Summit, Facebook announced an expansion of its virtual currency, Facebook Credits. The social networking site has now increased the number of developers that can be part of the program, and also added up to 80 new payment options through its partnership with Playspan.

Paul Ceglia suit against Mark Zuckerberg gets even more ridiculous.