On Wednesday, popular gadget blog Gizmodo proclaimed that the site's writers were able to "spy on a total stranger's iPhone" thanks to an iMessage-related bug. But today there are reports that Apple deems the incident "an extremely rare situation" — not a bug. read more..
On the Call: MasterCard CEO Banga on Facebook IPO
Most of the $3.7 billion revenue that Facebook amassed in 2011 came from advertising, according to the social media company's initial public offering filing late Wednesday. But about 15 percent came from "payments and fees," mainly from gaming applications like "Farmville." read more..