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Facebook will soon require that application developers only use in-app advertising from it’s approved vendors list. Not on the list: Google.

It’s not a huge secret that Facebook and Google don’t get play nice with each other. Just in the last few months, the two Internet giants have poached one another’s employees and gone to battle over open email standards. This week, Facebook took its latest silent shot at Google.

In a blog post, Facebook said it has modified its rules and now requires that apps with in-app advertising can only use Facebook-approved companies, or companies willing to sign off on the company’s Advertising guidelines by February 28th. However, the newly created list has two omissions: Adsense and Double Click, both owned by the largest advertising company on the Web: Google.

“If your ad provider is not on this list, we encourage you to contact them to determine if they are planning on signing our terms,” writes Allison Hendrix of the Facebook application verification team.

Porsche has acquired the fastest 1,000,000 Facebook fans in automotive history! And to say thank you to all of their fans, they have prepared a Porsche 911 GT3R Hybrid with all of the fans names that will be on display at the Porsche Museum located in Stuttgart, Germany. (more…)

Today Facebook launched a major redesign and expansion of functionality of its Pages for businesses, brands, media, and public figures. The new page layout will now match the user profile redesign, with a left-hand navigation panel replacing the tabs above the wall. Page admins will also be able to login as their Page, giving them access to Facebook and email notifications about activity on their Page, and other options.

The Page redesign does not affect the Page APIs, so FB developers don’t need to worry about their applications breaking. The expanded tab name space in the new navigation panel means developers can try using longer, more descriptive titles for when their application is installed as tab. (more…)

With Valentine’s Day rapidly approaching on February 14th, scammers on Facebook are ramping up their efforts to take advantage and try to make a quick buck out of unsuspecting users.

Facebook users are being tricked into clicking on messages that they believe their online friends have posted, saying who their Valentine will be in 2011 or how to put a heart or love poem on their sweetheart’s wall. (more…)

Facebook has recently been in acquisition talks with Twitter, according to a Wednesday report from the Wall Street Journal, and these chats value the micro-blogging site at an estimate $8-10 billion.

The Journal went on to say that it could be a very generous estimate. According to “people familiar with the matter,” Twitter’s 2010 revenue totaled roughly $45 million. But due to expansion costs such as hiring new staff and adding more data centers, Twitter actually lost money. Twitter is expecting to post roughly $100-110 million in profits. (more…)