Twitter has acquired Cloudhopper, an SMS and MMS software startup. Twitter plans to scale their SMS division as the company sends out about 1 billion tweets per month, many of them being from mobile devices.

Within the last 24 hours, geolocation social networking service Foursquare has hit 1 million users. The one millionth user has the username QuakeHOLD I. and he or she is from Escondido, California. During the SXSW conference, Foursquare signed up about 120,000 users. Foursquare started a little bit over a year ago. The company is rumored to be courted by major software companies for an acquisition. Microsoft, Yahoo!, and Facebook are three companies rumored to have approached Foursquare to buy them out. [TechCrunch]

I admit I was not a huge fan of LinkedIn until recently. Now I’m hooked again. It is one of the best and most underrated networking tools out there. Having said that, LinkedIn has launched new features that revolve around link-sharing. There is a re-sharing link which will share stories that your friends have added with your own direct connections in the news feed. LinkedIn has even launched their own URL shortening service that is integrated with Twitter called Inkd.in [Mashable].

Below is a video about the new features:

Blippy, a service that shows what your friends are buying through social networking has raised $11.2 million in funding. On paper, the company is now valued $46.2 million. The latest round of funding was led by August Capital. August partner David Hornik will be joining the board of directors at Blippy. Hornik actually shared his investment on Blippy too… yup he shared that he put in an $8 million investment in the web company. Charles River Ventures put in $3.2 million out of the $11.2 million investment in this round. Blippy plans to use the funding for marketing and closing business deals. [TechCrunch]

There is a newly-published patent filed by Apple Inc. (NASDAQ:AAPL) about iTravel, an application that focuses on travel. iTravel would focus on airlines, boats, buses, and trains. Users would be able to make reservations and share information with others about their trip. Through the app, travelers would also be able to check-in, set up car rentals, and check baggage claims. [Patently Apple]

A story written by Gizmodo editors Jason Chen and Jesus Diaz about the new iPhone has hit about 8 million views, 9,000+ diggs, 35,000+ retweets, etc. You figure Gizmodo brought in a lot of extra money for parent company Gawker Media and the company founder Nick Denton. However Denton admitted that breaking the news about the new iPhone did not make him any extra money. To buy the iPhone from the thief, Gawker paid $5,000. On top of that there was $7,000 in extra bandwidth for the servers. Chen and Diaz will most likely be paid for traffic bonuses too. And lastly are “whatever legal bills we end up paying,” said Denton. [DailyFinance]

Pianist Lang Lang has done something different during a concert. He pulled out his Apple iPad and played “Flight of the Bumblebee” on the Magic Piano application, designed by Smule. “I’ve never seen the freestyle Magic Piano played like he [Lang Lang] did,” stated Smule co-founder Ge Wang in an interview with the WSJ. I’d love to see Lang Lang and A.R. Rahman do a concert together with their iPads. [WSJ]

Dell Inc. (NASDAQ:DELL) is rumored to be working on a new set of phones that will be powered by the Windows Phone 7 operating system. The newest phone would be called the Dell Lighting and it has a touchscreen, QWERTY keyboard slider, 4.1″ WVGA OLED, 5 megapixel camera with auto focus, microSD card slot, WiFi, GPS, Bluetooth, accelerometer, and a digital compass. [Engadget]