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 Announces Nearby:  Facebook's new Nearby for iOS and Android apps makes it easy to discover new places your friends like. This provides more reasons for local businesses to build a Facebook Page and offers users an alternative to Foursquare.

Twitter Rolls Out Ability to Download Your Twitter Archive: “You'll get all your tweets (including retweets) going back to the beginning. Once you have your Twitter archive, you can view your tweets by month, or search your archive to find tweets with certain words, phrases, hashtags or @usernames. You can even engage with your old tweets just as you would with current ones.” This feature is rolling out slowly, so you may not see it yet.

Discussion From Our Networking Clubs: Thousands of social media marketers and small business owners are asking questions and helping others in our free Networking Clubs. Here are a few interesting discussions worth highlighting:
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YouTube Capture for iPhone Available Now: “To speed up recording, enhancing and sharing videos with your friends or the whole world, you can now use the YouTube Capture app on your iPhone or iPod touch.”
Instagram Updates Privacy and Terms of Service: Instagram's new Privacy Policy and Terms of Service will be effective on January 16, 2013. You can find out more here.
Upcoming news to follow:
Nielsen Twitter TV Rating Coming Soon: “Nielsen announced an agreement with Twitter to create the ‘Nielsen Twitter TV Rating,' an industry-standard metric that is based entirely on Twitter data.”
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