Open...and Shut Jeff Hammerbacher, one of Facebook's early employees, is dismayed. Instead of innovation, he worries that "the best minds of my generation are thinking about how to make people click ads." Take heart, Jeff: it could be worse. They could instead be thinking about how to stifle competition through lawsuits and government regulation.

An American citizen has admitted to stealing data for more than 676,000 payment cards from databases he hacked into and netting more than $100,000 by selling them in underground bazaars online.

As we went to press with this story, Apple had just reported its first quarter results and Nokia was about to. For both arch-rivals, the quarter will not be indicative of longer term trends. For Apple, there has been disruption to its supply chain, while Nokia's future will be hard to judge until it launches its new WP7 devices.