Heads-up all you business people who have hired people to manage your social networking for you. There’s a new legal action that may set precedent for IP and social media and it’s something that should concern business owners, writers, interns, or anyone else making a living social networking for a company.

Here’s a new twist on advertising. In their last major update, Facebook enabled the ability for brands to attach ads to that scrolling news feed along the right hand column of the page.

A US District Court Judge in Portland, Oregon has ruled that a blogger who wrote critically about a finance firm is libel for defamation, and is not protected under Oregon journalism shield laws.