Whether we like it or not spam will always be around on the Internet. Spam is spreading across Reddit, Digg, StumbleUpon, Google, Gmail, Hotmail, Yahoo! Mail, etc. Several social media sites have found ways to combat spam. Below is an infographic below of how spam is being deflected:

Stewart Butterfield, the co-founder of Flickr is now working on an online video game company Tiny Speck. Before building and selling Flickr to Yahoo!, Butterfield originally wanted to create an online video gaming company.

Hashable is a New York based start-up that is currently in stealth mode. The company has raised $4 million in funding and was given a $25-$30 million valuation on the term sheets. The funding was led by Union Square Ventures. Hashable has raised a total of over $11 million in funding.

Accel Partners has sold “very significant chunks” of their stake in Facebook. It turns out the buyers bought the stake based on a $34 billion valuation. The amount sold adds up to less than 20% of Accel’s total stake. Although the buyers are not confirmed, rumor has it that Technology Crossover Ventures bought $200 million worth of shares and Andreessen Horowitz bought $80 million worth. Accel put in $12.7 million in Facebook’s first round of funding. [VentureBeat]

MarkOne Financial is being sued by Melanie Beacham for harassing her on Facebook. The agency had contacted some of her family members and other contacts to ask them if Melanie could call them back over a late $362 car payment. Beacham’s attorney Billy Howard said that “This is a huge invasion of privacy” and that it violates the FTC’s Fair Debt Collection Practices Act. [Switched]

Lionside is a social gaming company that creates applications for sports fans. The company has raised $1.6 million in a first round of funding according to an SEC filing. Lionside is based in San Francisco and was founded in 2009. One of their first Facebook games was called Lionside Football and it was popular with soccer fans. Investors in Lionside include Ram Shriram and Ron Conway. [VentureBeat]

Formspring is a popular Q&A website that has raised $10 million in Series B funding. This round of funding, led by Redpoint Ventures, gives Formspring about a $45 million valuation.

The Transportation of Safety Administration (TSA) is getting slammed with criticism in the media. In order to dispute the criticism and provide other updates about the TSA, they have launched a Twitter account (@TSABlogTeam). The issue became such a hot topic that SNL decided to create a parody this past weekend (video below).