Facebook Credits surrendered its stranglehold on in-application coinage as developers can now have their own in-app currency.

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Facebook and seven major online companies have endorsed an alternative online piracy bill that they believe would keep the Internet open and foster innovation.

The Online Protection and Enforcement of Digital Trade, or OPEN Act, is co-sponsored by Republican Representative Darrell Issa of California and Senator Ron Wyden, a Democrat from Oregon. 

The legislation is an alternative to the Stop Online Piracy Act, and its counterpart, Protect IP.

Facebook and other oppenents of SOPA claim it would restrict the Internet in ways that would not only result in censorship but also create information monopolies.

Web firms oppose the provisions in SOPA that would require search engines and other sites to delete links to sites deemed to be “dedicated” to copyright infringement.

The online community argues such a requirement would result in censorship of the web, according to the political newspaper, The Hill.

The OPEN Act has the backing of Facebook and such Internet heavyweights as AOL, eBay, Google, LinkedIn, Mozilla, Twitter, Yahoo and Zynga, which together co-signed a letter to legislators late last month.

The letter states that the OPEN Act’s ”approach targets foreign rogue sites without inflicting collateral damage on legitimate, law-abiding U.S. Internet companies by bringing well-established international trade remedies to bear on this problem.”

In a news release introducing the OPEN Act, Senator Wyden and Representative Issa claim that the proposal “fights the unauthorized sale of digital goods and protects Internet security, commerce and speech.”

The graphic below, taken from the OPEN Act’s website, compares the major piracy bills.

Religious pages continue to have the most engagement on Facebook.
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Facebook reportedly plans to file documents in early 2012 for its long-awaited initial public offering, and Wall Street rivals Goldman Sachs and Morgan Stanley are in a fierce competition for the lead investment banking role, according to reports.

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Zynga shows no signs of slowing down, and the developer’s newest hit kicks off December on top of the countdown. The real story though, is the advancement of the social news applications that continue to gain steam after noteworthy finishes last Wednesday.
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There’s been no official announcement yet, but word has it that the next Facebook game from industry giant Zynga will be ForestVille.

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Just when you thought the Facebook gaming sector couldn’t get any more competitive, another report comes out saying things have tightened even further.

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Zynga continues to dominate Facebook games, claiming six of the top ten and four of the top five titles in the rankings produced by our peer site AppData.

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Zynga has increased the amount of money it plans to raise in its initial public offering to $1.15 billion, according to an amended filing the company made with the Securities and Exchange Commission.
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CastleVille continues to grow faster than any other application on Facebook.
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