StraightUpSocial News Links for 9/30/2009

How Twitter Got A $1 Billion Valuation

Nicholas Carlson at The Business Insider offers his insights on why Twitter was valued at $1 billion in a recent investment round.

Facebook Introduces Translations For Facebook Connect

Nick O’Neill at All Facebook tells us how website owners using Facebook Connect can easily utilize Facebook’s popular Translations application for their site.

MySpace Floods Twitter With Status Updates; Now No. 2 Source of Short Links.

Erick Schonfeld at TechCrunch lets us know why MySpace status updates are “flooding Twitter” and pushing the MySpace link shortener to #2 on the list of most popular URL shorteners on Twitter.