The magnitude of spin of an elementary particle is constant, it cannot be slowed down or sped up by any means, only its direction can change.
With entangled particles, you don't know the spin state of either particle until you do a measurement. The measurement of any one particle is random, but the correlation between them perfect: if you measure your half of the pair, you know what Bob's will be even if he hasn't measured it yet. But if you're on earth and he's on Mars, how do you send a message to Bob? You can measure the spin of your particle, and instantly Bob's particle's spin will have a correlated outcome, but you can't MAKE your spin have a particular outcome before measurement. So what does Bob observe? Nothing, unless he measures his spin, and when he measures his spin, it appears to be random until he talks to you, which happens at light speed. You can't send a super-luminal signal, because no result from Bob's measurement will tell him anything about what you did. He won't even be sure that you measured your particle at all until he talks to you.