Now that many corporations have mastered the tricky art of signing up for a Twitter or Facebook account, the next step is leveraging social media tools in a meaningful way that impacts your brand and your bottom line. Jeremiah Owyang, offers four laws of social business: don’t fondle the hammer, live the 80% rule, customers don’t care what department you’re in, and real time is not fast enough.

"Apple is building Facebook features into the latest version of its iPhone software, we're told by a plugged-in source in the mobile industry. These features could be announced during Apple's Worldwide Developers Conference keynote on June 7, when Apple is expected to unveil a new iPhone."