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A businessman from upstate New York claims he owns 50 percent of Facebook -- and that Mark Zuckerberg defrauded him.

News organizations across the world were taken in -- once again -- by a hoax that was perpetrated more than 50 years ago.

While Microsoft's Bing struggles to equal Google in terms of search ads, Facebook is slowly catching up in the race.

The top pre-market NASDAQ Stock Market gainers are: Conns, Expedia, Curis, Seagate Technology, and NXP Semiconductors. The top pre-market NASDAQ Stock Market losers are: Hercules Offshore, Idenix Pharmaceuticals, Sangamo Biosciences, Qiao Xing Universal Resources, and Costco Wholesale.

Online travel agent Expedia Inc. (NASDAQ: EXPE) proposes to split into two publicly traded companies: TripAdvisor and Expedia.

The top after-market NASDAQ Stock Market gainers are: Expedia, Seagate Technology, Cutera, ShoreTel, and Select Comfort. The top after-market NASDAQ Stock Market losers are: Hercules Offshore, Idenix Pharmaceuticals, Sangamo Biosciences, PostRock Energy, and China-Biotics.

Mobile apps can can leach immeasurable amounts of data from personal smartphones and sell them to advertising platforms. The news about data pilfering apps is nothing new, but there is now fresh evidence that large quantum of data are passed on from smartphones to advertisers by some apps.

Netflix Inc. (NASDAQ: NFLX) announced a multiyear syndication deal under which Lionsgate (NYSE: LGF) has licensed the first four seasons of its Emmy Award-winning series Mad Men to be watched instantly by Netflix members starting July 27.

According to the survey, overall satisfaction rates for Verizon and AT&T customers were almost identical, but AT&T subscribers reported higher rates of dropped calls.

The Hello Boys Wonderbra campaign featuring Czech supermodel and actress, Eva Herzigova has been voted the most iconic outdoor ad from the last five decades by the Outdoor Media Centre.

Larry Page takes over as chief executive officer three months after it was announced Eric Schmidt was resigning.

Advertising group Interpublic Group owns a stake in Facebook that could be valued at roughly $200 million to $300 million, The Financial Times reported.

Microsoft, the world's largest software maker, has filed its first ever complaint to antitrust regulators, claiming Google thwarts Internet search competition.

The company is phasing out the technology in favor of near-field communication, which would offer much of the same functionality of QR codes but with increased efficiency.

The video, which comes ahead of April Fool's Day, features the GoDaddy executive killing an elephant while vacationing in Labola, Zimbabwe.

If Apple is delaying the release of its much-fancied iPhone 5 -- it certainly looks like at this point of time -- there indeed are going to be some strategic reasons behind it. And, if one dismisses grapevine on supply crunch and logistical bottlenecks, then the reasons are purely strategic, given that Apple is fighting hard for its space in the maddening smartphone arena.

With the +1 button on its search engine, besides adding a social tinge, Google continues long-drawn war against Facebook.

Theories abound as to what Apple is packing into its next generation smartphone and more importantly, when will it come out. But getting to the sense in a deluge of non-sense doesn't have to be hard.

Father of Java James Gosling has joined Google, much to the dismay of Oracle CEO Larry Ellison, even as Google and Oracle slug it out over Java patent infringement lawsuit targeting Android.

Twitter has rejigged its top guns to take on Facebook on online advertising with Jack Dorsey's return with his forte in product development.

Social media, video and mobile advertising pushed British online ad spending above 4 billion pounds ($6.4 billion) for the first time in 2010, an increase of 12.8 percent, the Internet Advertising Bureau said.