Mfarhanonline Social Media News: Welcome to this morning's edition of "First To Know," a series in which we keep you in the know on what's happening in the digital world. We're keeping our eyes on three particular stories of interest today. Twitter Ad Revenue May Reach $150 Million This Year Twitter will triple its advertising revenue to $150 million in 2011, research firm eMarketer estimates. Palestinian Reporter On Trial For Facebook Photo A Palestinian TV reporter faces charges for allegedly insulting a public figure after being tagged in a Facebook photo that ridicules the Palestinian Authority president. Apple App Store Surpasses 10 Billion Downloads Apple's App Store surpassed the 10 billion download mark over the weekend. A $10,000 iTunes gift card has been awarded to the person who downloaded the 10 billionth app. Further News According to information leaked from an anonymous Verizon employee , Motorola's Xoom , a tablet running the long-anticipated Android Honeycomb, will sell for $800. Hackers are cashing out after stealing credit card numbers from Lush's UK website, which was shut down on Friday and replaced with a message that warns customers that their account information may have been compromised. Napster founder and Facebook founding president Sean Parker lashed out at the movie The Social Network at a conference in Europe Monday morning, calling it "a complete work of fiction." London's Orange Dot Gallery, in a nod to the growing mobile photography trend, is exhibiting pictures from Hipstamatics , a blog dedicated to photography taken with the Hipstamatic app for iPhone. A new Apple ad touts the fact that the iPhone 4 is available on both Verizon and AT&T, and shows the phones on both networks performing at the same speed. Image courtesy of iStockphoto , DNY59 More About: apple , facebook , twitter For more Business ! & M arketing coverage: Follow Mfarhanonline Business & Marketing on Twitter Become a Fan on Facebook Subscribe to the Business & Marketing channel Download our free apps for Android , Mac , iPhone and iPad Social Media reviews series maintain by Mayya
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