We’ve already covered how viral the chat options on live video services like Ustream, Justin.tv, and Tinychat can be.

By signing into these services with your Twitter, Facebook, or MySpace credentials and then having your messages broadcast as status updates, more users become aware of the video feed and its audience can grow exponentially.

Ustream just taken this concept to another level by launching what it calls Social Stream. The new feature allows you to sign-in to all three networks simultaneously, plus AIM, and have each chat message distributed to all of them. Further, the chat room will contain messages streaming in from all four platforms.

At Mashable, we constantly hear about innovative and unique advertising campaigns. Some of them have inspired us (like the #BeatCancer campaign) while others just made us scratch our heads (like the Bingathon). However, a new method of advertising we came across today just has us dumbfounded.

A German book company, Eichborn, decided to think beyond the booth at the 2009 Frankfurt Book Fair. The advertising stunt they concocted though is something that, uh, flies in the face of convention.

Eichborn’s “smallest commercial gimmick in the world” was simple: attach physical banner ads to actual flies. Yes, they somehow tied small red Eichborn banner ads to flies and let them loose in the Frankfurt Book Fair. The result was flying advertising that nobody could miss.

As we noted last night, Twitter has significantly expanded the rollout of its new “Lists” feature over the past day or so.

The feature looks to accomplish a couple different goals: for one, it lets you organize the people you follow into groups – for example “co-workers,” “social media experts,” or “celebrities” – serving as a filter of sorts for tracking updates. This is similar to the functionality already available in clients like TweetDeck or Seesmic.

startup imageWhether your company is just starting out, just starting to turn a profit or already on the verge of an acquisition, as an entrepreneur you’ll be constantly evaluating the tools that will help get your business to the next stage.

Even if the ink on the business plan isn’t dry yet, you want to be armed with the social media tools that will play an important role in company communication, product and brand promotions, and business development for your startup. Some of the tools in this list will be familiar, but it’s worth taking a moment to reframe how they might become power tools in a business context.

netflix-ps3-smThe PlayStation 3 might not be winning the console wars, but the system has quietly started to find its niche as an all-in-one home theater media system. Today, the PlayStation Blog announced that Netflix is coming to US-based PlayStation 3’s next month.

The PlayStation 3 will join an ever-increasing number of devices that support Netflix Watch Instantly streaming. Last year, Microsoft and Netflix announced a partnership that brought Netflix support to the X-Box 360.