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Bit.ly Teams Up with Yfrog on Image Sharing
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Update: The YFrog and bit.ly partnership is now live. A YFrog spokesperson says that with Apple announcement that iPod nanos will now come equipped with video cameras – this opens a new, inexpensive way for people to capture video and then post it to Twitter.

Security Issues Holding Back Social Media’s Potential
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Social Media’s rise in popularity has created some very real problems for the Internet and its users. Social networks like Facebook and Twitter have seemingly opened the floodgates to security troubles, and over the past few weeks, this has been accentuated by a number of issues and studies.