Social Media Newsfeed: Twitter Changes | Facebook Ruling | iPhone 5

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Apple: iPhone 5 Pre-Orders Topped 2M in 24 Hours (USA Today)
Apple on Monday said iPhone 5 preorders topped 2 million in 24 hours. The company said that because demand exceeded initial supply, some pre-orders will be delivered in October although most will be delivered this Friday. CNET That’s about double the first-day preorders for the last model, the iPhone 4S. One analyst is estimating sales could reach 10 million within the first week of it going on sale. Los Angeles Times Pre-ordered iPhone 5s have begun to ship and are on their way from China, according to various reports. Numerous people who pre-ordered their iPhone 5s have begun to say they’ve received shipping emails notifying them their iPhone 5s have left Zhengzhou, China. Bloomberg Businessweek Apple surpassed $700 in late trading Monday, fueling optimism that the company will keep generating the revenue growth that transformed it from a niche computer manufacturer into the world’s most valuable business. The stock has advanced 73 percent this year. GigaOM There was a 16-month gap between the iPhone 4 and iPhone 4S releases, and the September 2011 quarter saw an earnings miss as a result. By releasing iPhone 5 right before the end of the September quarter this year, Apple’s ensuring that won’t happen again.

Some Facebook Posts Are Fair Game for Employer, Says Judge (Mashable)
Should you ever find yourself in the unenviable position of suing your former employer, the company can’t gain “broad access” to your social media posts — but they can peek at any communications with fellow employees or posts about your job, even if sent privately on Facebook or Twitter. That’s according to a federal judge in California, who was asked to rule in a discrimination suit against Home Depot — where the big box giant wanted the court to force a former employee to turn over her social media output during the entire period she says she was discriminated against. AllFacebook Every now and then, Facebook holds an event called the f8, where it presents developers and entrepreneurs with the social network’s latest and greatest. According to All Things Digital, there won’t be an event this year, though Facebook will neither confirm nor deny this. The Wall Street Journal The Winklevoss twins lost the biggest social network showdown ever when their rival, Mark Zuckerberg, walked away with Facebook. Now they are trying again — with a social network for professional investors.

Because You Have More to Show (Twitter Blog)
Starting today you can make your presence on Twitter more meaningful with new Twitter profiles. Upload an all-new header photo on mobile apps for iPad, iPhone and Android or, and the same image will appear whenever anyone views your profile on the web or these apps. In addition, Twitter has redesigned its iPad app and made updates to its iPhone and Android apps.

Google Buys Nik to Lure Photographers to Google Plus (The New York Times/Bits Blog)
Google said on Monday that it had acquired Nik Software, a company that makes tools for editing and sharing photos. It is Google’s latest defensive move against Facebook and part of its strategy to become a photo-sharing hub.

Verified Twitter Account Bug Leads to Settings Lock-Down for All Users (AllTwitter)
Twitter Support noticed Monday there was an issue with verified users’ photos. According to TechCrunch, there was a Twitter bug that was apparently swapping out the avatars on some accounts, but it’s all fixed now.

Twitterverse Reacts to Newsweek‘s ‘MuslimRage’ Hashtag With Humor (
Newsweek kicked off the week with an unfortunately named cover story, “Muslim Rage,” timed to address the anti-American protests erupting across Muslim countries in the last week. When Newsweek tweeted out its article, it suggested readers discuss the cover story using the hashtag “MuslimRage.”