Media streaming has become a staple of our daily digital consumption. So much so that this week music lovers in the US finally welcomed the arrival of Europe’s music-streaming subscription service Spotify, while angry Netflix customers turned to social networking sites to vent their rage over subscription fee increases. Read more

Google may be drawing strong reviews for its latest attempt at a social networking service, but Facebook is not standing still. Mark Zuckerberg declared that his company has reached 750m users and entered a new phase, as it looks to build on its “social infrastructure”. First up: Skype. Read more

In the world of social networking, it was out with the old and in with the new last week. Google unveiled its latest crack at the market, while News Corp said goodbye to MySpace. Read more

Three things irritate me about Biz Stone’s announcement that he will step back from running Twitter.

1) He doesn’t know the difference between “it” and “it’s”. (Too much time reading his followers’ tweets, I suspect). Read more

Oscar Wilde said: “The only thing worse than being talked about is not being talked about.” That still applies in digital times, as companies work hard for “likes” on Facebook or “re-tweets” on Twitter to build their online presence and community interaction.

This week, online advertising was in the spotlight as sites like Facebook and Twitter made headlines with their efforts to generate revenue. Read more

Joe Kennedy, head of the latest young internet company to light up the stock market, has made the trip from Silicon Valley to Wall Street before.

As president of E-Loan, an online mortgage lender created during the late 1990s dotcom boom, he had a front-row seat for one of the great investment bubbles. E-Loan’s stock market value soared to nearly $3bn following its 1999 listing before falling rapidly back. The company was eventually sold after the dotcom crash for a 10th of its peak value. Read more

Smartphone users have a wide range of mobile photo-sharing services, the latest phase of social media, to choose from. It’s starting to feel like if you’re not using a photo-sharing app, then you must be building one.

This week more new photo-sharing apps launched, while existing app Instagram passed a milestone. Read more

Some 14,000 Facebook users joined an online campaign to demand the release of Amina Araf, an outspoken lesbian blogger, from a Syrian prison. How awkward, then, to discover that Ms Araf was the invention of Tom MacMaster, a 40-year-old failed American novelist, studying in Scotland.

One can, of course, forgive the naiveties of these hyperactive Facebook users; after all, many were likely campaigning for Ms Araf while chatting with high school buddies and solving Sudoku puzzles. But the fact that “Aminagate” also took in some of the world’s finest media institutions reveals deeper problems in how we think and talk about the internet. Read more

Tech news from around the web:

Facebook is gearing up to launch an official iPad app, according to the New York Times. The app has been in production for almost a year and is in the final stages of testing, the report says. Read more

Tech news from around the web:

Facebook is building a photo-sharing app, TechCrunch reports. TechCrunch has leaked screenshots and documents about the upcoming iPhone app from Facebook. Read more

Tech news from around the web:

Google has announced  its new solar energy fund for SolarCity, a residential solar power provider, ZDNet reports. Google’s $280 million dollar investment in the fund is the company’s largest in clean energy to date, the company said in a blog post.  Read more

Every year, Apple’s Worldwide Developer Conference turns into “Apple week”. The tech world holds its collective breath for the company’s latest list of announcements.

But this year had an extra twist: a spaceship spotted in Cupertino.

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A couple of months ago, the computer systems of Nonghyup, a large South Korean bank, crashed spectacularly, leaving thousands of customers stranded for several days. It never made headline news in the west. But perhaps it should.

The South Korean military believe the source of the crash was a carefully planned attack by North Korea, which used an infected laptop to infiltrate the banking system, to sow consumer panic. And while Pyongyang has denied the charges, the episode is thought-provoking for investors, particularly given this week’s excitement about the computing “cloud”Read more

The fallout of the Sony PlayStation data breach, in which hackers stole personal information about more than 100m gamers, was more a failure in management than a failure in security technology. The latest estimated loss of $171m seems conservative, capturing only direct costs to Sony, and preceding the company’s admission of three subsequent global attacks in Canada, Thailand and Indonesia. The true extent of damage of these breaches and their reputational consequences will likely unfold over time.

Not so long ago we had standalone computers, in my case a loveable Amstrad, on which we kept our paltry data and software. The net connected these computers together; the worldwide web linked documents we held on them; browsers let us surf these links. The overarching ethics came from a motley crew of hippies, geeks and academics who believed in openness and collaboration to allow ideas to grow.

That era may be about to end. Read more

From Twitter accounts and national news sites to Google’s email service, several widely used sites were reported to have been compromised this week in a spree of online cybersecurity breaches.

Update: On Monday, Congressman Anthony Weiner held a press conference at which he admitted that he sent a lewd photograph on Twitter and had lied about being hacked.

 Read more

Groupon, the online coupon business, has jumped on the internet bandwagon by filing for an initial public offering, and the figures it discloses in its S-1 filing are astonishing in various ways.

In short, Groupon is  growing like crazy in terms of number of users and offers, while losing money at an eye-watering rate. To make up for the latter, it has come up with an ingenious way of smartening up its figures. Read more

For more than a decade, the task of securing a personal computer, corporate network or internet transmission from hackers has been one the vast majority of people, from chief executives and government leaders to consumers, have tried to foist on others.

That is understandable: the job is complicated, unproductive, and never finished. Read more

Pinn illustration

The only thing on which companies and investors seem able to agree about initial public offerings is not to trust investment banks. Read more

While investors were giddy this week about the latest tech-company IPOs, the technologists themselves were more interested in the advent of services bringing music to people from the cloud–or clouds.  Read more