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Facebook is now getting a slice of the Apple iTunes gift card business. A new addition to Facebook Gifts is the ability to purchase digital gift cards good for purchasing music, movies, apps and more on the iTunes store. Buying one of these iTunes gifts simply involves logging into Facebook, charging the gift to your credit card and sending it to a Facebook friend.

How much easier could it be to shop for the holidays? Facebook now has over one billion users every month, and the site is looking for new ways to increase profits. Apple's iTunes gift card business clocks around $2 billion per year. Could Facebook Gifts and iTunes be a match made in heaven?

Version 5.0 of the iPhone and iPad Facebook app has finally landed in the app store! Facebook has rebuilt the app from the ground up making it much faster. The app now launches immediately and the news feed and photos load a lot more quickly.

The new app allows you to easily scroll through your news feed without having to refresh, and now features notification banners for recent posts. The app doesn't look any different, but you will immediately feel the changes the first time you use it. Facebook did not add the must asked for "Share" button featured on the web version.

Facebook has launched a new mobile feature called Find Friends Nearby (previously named Friendshake) for iOS and Android devices. Users who navigate to http://fb.com/ffn using their phone's browser will be shown a list of other users within a certain radius who are also using the page. You can also access the feature from the Facebook iOS app by going to Menu > Apps > Find friends > Other Tools > Find Friends Nearby.

Find Friends Nearby allows you to easily add people you've just met in real life. Say you meet someone at a party. You can both access the Find Friends Nearby page, locate each other, then add each other as friends on Facebook. This saves you the hassle of using Facebook's search or having to spell out your email or name. I guess it can also be used like Chatroulette to meet new people.

The wait is finally over. Apple showed off its new mobile operating system, iOS 6 at today's WWDC 2012 keynote event. The beta will be released to developers right away, with the rest of us getting the firmware update this fall.

There are over 200 new features in iOS 6, and these will be coming to the iPhone 3GS and later models. The improvements include new and completely redesigned apps as well as system-level Facebook integration. Here's a list of features highlighted by Apple:

The wait will soon be over for those looking forward to full Facebook integration into iOS devices. Apple is reportedly in talks with Facebook to finalize a deal before the launch of iOS 6 at WWDC later this month. TechCrunch reports the deal is all but complete and the software is ready.

Rumors and code snippets led many to believe that Apple was planning Facebook integration with iOS 5 or even with the iOS 5.1 update. Now it seems that all systems are go, and iPhone users will need only to authenticate with their Facebook credentials to participate.