Welcome to our weekly edition of what's hot in social media news. To help you stay up to date with social media, here are some of the news items that caught our attention.
What's New This Week?
Facebook Updates the News Feed Ranking Algorithm: There are two new features to note regarding Facebook's new news feed: Story Bumping and Last Actor. Both of these now ensure that Facebook users see more of the updates from the people they interact with.

YouTube Rolls Out Live Streaming and More Channel Tools: Live streaming is rolling out for channels with 100+ subscribers. You can also choose and upload your favorite image to create your custom thumbnail. You can add annotations to your video to “link externally to various online stores and your associated websites.” And you can now mark your playlist as a “series”—YouTube will then show viewers of your videos the next episode from the series and a link to the whole playlist. If you're on YouTube, be sure to check them out.

LinkedIn Introduces the Ability to Apply for Jobs on Mobile: LinkedIn makes “it possible for LinkedIn members to directly apply for jobs that interest them, right from their iOS or Android device.”
Facebook Launches Graph Search to Everyone in U.S. English: “Graph Search makes it easier to make new connections; you can continue to search for friends and pages by name, or use simple phrases to find something specific across people, photos, places, interests and more.” It is now available to everyone in the U.S. in English.
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Instagram Announces New App Update: Instagram 4.1 includes a few of the most requested features. “You can upload videos from your phone's media library and share those moments to Instagram regardless of when they were captured.”

Bit.ly Allows Users to Express Feelings: Bit.ly for feelings is currently in beta. It's “a fun bookmarklet to express how you feel about the content you're sharing.”

Here's more interesting news to follow:
Facebook Begins Trending Topic Test: Facebook starts to run “a small test that displays topics trending on Facebook. It is currently only available to a small percentage of U.S. users who use Facebook's mobile website (m.facebook.com) and is still in the very early stages of development.”
Here's a cool social media tool worth checking out:
MixBit: a mobile app that “lets you record, edit and publish videos as short as one second or as long as an hour—right from your mobile device.”

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