Facebook announced Tuesday that the company is doing away with Facebook Credits and transitioning to local currency. The social network also announced that it is accepting subscription billing for apps.
We're kicking off our upcoming Social Media Marketing Boot Camp with a special keynote presentation by Ella Chick (left), the digital producer at Anderson Cooper 360°. She'll discuss how the network uses social media for breaking news and leverages social media to draw attention to organizations and causes. Learn more about our program and register here. 
We’ve got a live one here, folks: The Facebook Credits Generator. Someone posted a link to it on our own page on the social network and we deleted it to protect you from this malware, but the fact that it didn’t trigger the spam filter means that the social network’s site’s immune system hasn’t learned to block this one yet.
Two law firms want to file a class-action suit against Facebook for requiring the use of Credits.
Merchants have complained about the cost of Facebook Credits, but commerce vendor Milyoni says that there are twice as many pros as cons to the digital currency.
Earn free Facebook Credits for installing applications on your iPhone or Android device.
Facebook’s 2011 upgrades have helped improve engagement, safety and monetization.
Universal Pictures’ Heist It Back scavenger hunt to promote feature film Tower Heist ended up totaling 380,000 heists and awarding one million Facebook Credits to users.
Clicking like doesn’t cost anything, but money talks, which ought to make a ranking of the preferences of people using Facebook Credits more valuable than tallies of fans.
PayPal and Facebook just got a little cozier with the launch of Send Money, an app on the social network that allows users to send money to their friends without paying transaction fees.
We just deleted a message about free Credits that showed on AllFacebook’s page on Facebook today.
