»  Facebook patents its news feed, and partners with Paypal to make Facebook Credits easier to purchase. [LA Times]

»  Still preliminary—but some details on what Twitter’s ad platform will be like. [AllThingsD]

»  Random House reorgs to focus on its digital strategy. [Fast Company]

»  Startup investor Ron Conway raises a new fund of around $10 million and is expanding his SV Angel Fund to include outside investors. [TechCrunch]

»  Why Facebook and mobile games are blowing virtual worlds, like Second Life, out of the water. [CNET]

»  Citibank apologizes to Jason Goldberg and his site, Fabulis, for blocking the gay men-oriented social net’s account for “objectionable content.” [Digits]