Autodesk has added yet another feather to its growing cap, buying mobile video sharing app Socialcam for a price of $60 million. Socialcam was launched only about 18 months ago, but it's been a big hit since then, attracting lots of high profile investors and a prestigious spot at the Y Combinator startup accelerator

Most of our stories about Draw Something since the game's launch have been business related. After it garnered tens of millions of users in its first few weeks, the company that makes the game, OMGPOP, was bought by Zynga for a whopping $200 million.

Google on Wednesday announced a major redesign for its Google+ social networking site that will introduce a more functional and flexible user experience. The new interface focuses on customization, Google’s Hangout video chatting service and features that will make it easier to discover new conversations and profile pages.

After being greeted with mixed reactions, millions of users have warmed up to Facebook’s new layout, dubbed Timeline. The new face of Facebook places all of a user’s interactions with the social network on the profile page in reverse chronological order, giving friends a single destination with infinite scrolling on which they can observe all status updates, photos, wall posts and more

Summify is a curation service that cherry picks the most important news from your twitter stream. Known to many because of its iOS app, Summify helped you eliminate the noise coming from Twitter

TomTom unveiled a new version of its iPhone and iPad app at CES 2012 that utilizes data from social networks like Facebook and Twitter to provide users with enhanced navigation to friends, places, and events. The press release does not provide much information on exactly how TomTom is using social network data, but the company claimed it would be a source for turn-by-turn navigation features baked into the current iOS apps. TomTom will obviously have to avoid user-generated data that might be inaccurate, but it is unclear what specific data the app will access

Although Action Man and Barbie tend to take a backseat in favor of electronic gadgets nowadays, there’s still a little place in our nostalgic hearts for the odd action figurine – particularly when it is of legendary Apple co-founder Steve Jobs, who passed away three months ago to pancreatic cancer. Continue reading this article at RedmondPie.com

The iOS community got a belated present two days after Christmas with the release of the untethered jailbreak for all A4 devices running iOS 5.0.1. The release of the jailbreak represented nearly two months of hard work and research by pod2g followed by efficient and swift work from the iPhone Dev and Chronic Dev Teams to package the jailbreak up for public consumption.

Christmas is always going to be a big time for companies like Apple and Google.

Apple will be holding a special one-day shopping event in celebration of the Lunar new year in select countries, Redmond Pie has learned. Details after the jump! Continue reading this article at RedmondPie.com