Here’s the latest action:

Twitter goes down — In the wake of rolling out its new Twitter Places geolocation feature, and in the midst of World Cup excitement, the micro-blogging site went down for several hours. Visitors were either greeted by the fail whale or profile pages blank of tweets.

Wikipedia gets more flexible — The editable online encyclopedia is rolling out revised editorial policies, tipping the site’s hand in favor of more and easier editing despite the risks of vandalism. ReadWriteWeb has more.

Hacker Angels scouting for early-stage IT startups — The angel funding firm, started by Delicious creator Josh Schachter, along with Punchfork’s Jeff Miller, Duck Duck Go’s Gabriel Weinberg and’s Roy Rodenstein, is made up of individual backers that will pool ideas and advice, but not money — at least yet.

Sprint won’t limit smartphone data use — Even though its competitors AT&T and T-Mobile have announced intentions to limit data use on their networks in order to avoid congestion, Sprint says it won’t do any such thing, at least for its smartpone users. Those on the carrier’s broadband plans won’t be so lucky.

Kevin Costner vs. the BP oil spill — The star of Waterworld says that a company he helped found, Ocean Therapy Solutions, could have the solution to the destructive BP oil spill in the gulf: centrifuge technology developed by the U.S. Department of Energy in 1993. But will it work?

A news feed for YouTube — In order to make it easier for the video site’s users to find breaking news footage, YouTube is introducing the YouTube News Feed in tandem with UC Berkeley’s Graduate School of Journalism. It will track and index news videos as they are uploaded.

Yahoo nabs Flicker.comYahoo has won its high-stakes cybersquatting lawsuit against the owner of A year after the company filed suit, it has added the domain name, to complement its photo Flickr product, to its repertoire.