5/27/2010

Apple has surpassed Microsoft as the largest technology company in the world

Filed under: — Aviran Mordo

Apple has surpassed Microsoft as the largest technology company in the world by market capitalization.

Apple’s move comes as the company’s iPhone, and now its iPad tablet computer, have taken on more of the personal computing tasks once handled by computers running Microsoft’s Windows operating system and other programs.

Market cap is the dollar value of a company’s outstanding shares. On Wednesday, Apple Inc.’s shares slipped $1.11 to close at $244.11, making its market cap about $222 billion.

But Microsoft Corp.’s stock fell $1.06, or 4.1 percent, to close at $25.01, for market cap of about $219 billion.

Facebook adjusts privacy controls after complaints

Filed under: — Aviran Mordo

In Facebook’s vision of the Web, you would no longer be alone and anonymous. Sites would reflect your tastes and interests - as you expressed them on the social network - and you wouldn’t have to fish around for news and songs that interest you.

Standing in the way is growing concern about privacy from Facebook users - most recently complaints that the site forced them to share personal details with the rest of the online world or have them removed from Facebook profiles altogether.

Facebook responded to the backlash Wednesday by announcing it is simplifying its privacy controls and applying them retroactively, so users can protect the status updates and photos they have posted in the past.

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