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It's the return of CRUSH! After taking a short summer hiatus, we're back in action, crushing the week's social media news into a juicy 3 minutes or less. And this week we're even giving you a special behind-the-scenes look into Crush Studios, so don't forget to join us on Facebook and Twitter.

The newest and third-largest nation in the world - Facebook Nation - is having trouble getting its currency off the ground. Facebook's announcementthat Facebook credits will soon be the sole currency for all apps and games, has some of its 500,000 million citizens (i.e. developers) putting up a fight.

But Facebook CEO Mark Zuckerberg better start focusing on national security because other forces are preparing to attack. A web designer has filed a lawsuit against the social networking site claiming that, based on a contract entered in 2003 with Zuckerberg, he is entitled to 84% of Facebook, or $12.6 billion. And a Judge in New York has ruled to freeze the social networking site's assets until the case is resolved.

So Mr. Zuckerberg, how would you like to pay for that? Cash, credit, check or...Facebook credits?

In this week's quick hits:

   * Ebay has it's own legal woes, facing a copyright infringement lawsuit over PayPal technology that could cost them almost $4 billion.
   * Tweet Deck surpassed 15 million downloads this week, meaning that apparently more than 15 million people have yet to hear of Hootsuite.
   * And just when you thought Chatroulette couldn't get any creepier...it has now added a local feature, so you can now tell just how close that person (or body part) really is.

And in world news, China's online population has skyrocketed to "420 million as more people access the Internet with cell phones." The Communist government has renewed Google's operating license, ending the months-long stalemate over Internet censorship and providing momentum for rights groups, such as Human Rights First, in their effort to create an open Internet behind the Great Chinese Firewall.

And that brings us to our "Crush of the Week"where we would like to recognize the brilliant folks over at Old Spice for their new, creative social media marketing campaign that is both entertaining and effective.

Originally posted to Nhavey on Mon Jul 19, 2010 at 08:38 AM PDT.

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