iPhone 5 Pre-Orders Top Two Million in First 24 Hours  —  Apple® today announced pre-orders of its iPhone® 5 topped two million in just 24 hours, more than double the previous record of one million held by iPhone 4S.  Demand for iPhone 5 exceeds the initial supply and while the majority …

Google's Loss=Yandex's Gain In iOS6: Russian Search Giant Nabs Apple Maps API; Search Deal In The Works  —  Apple's gradual extrication from Google services is having a knock-on effect in international markets — and Google's competitors elsewhere.  In Russia, the local search leader Yandex …

Square Finally Closes $200 Million Round at a $3.25 Billion Valuation  —  Square has finally closed its fourth round of funding, which values the three-year-old company at a jaw-dropping $3.25 billion.  —  The payments company is perhaps best known for allowing small businesses …

The Return of Facebook's Winklevoss Twins  —  The Winklevoss twins lost the biggest social-network showdown ever when their rival, Mark Zuckerberg, walked away with Facebook.  Now they are trying again—with a social network for professional investors.  —  Flush with at least $65 million …

Everything's broken and nobody's upset  —  Software doesn't work.  I'm shocked at how often we put up with it.  Here's just a few issues - literally off the top of my head - that I personally dealt with last week.  — My iPhone 4s has 3 gigs of “OTHER” taking up space, according to iTunes.

Samsung to unveil Galaxy S4 in Feb 2013  —  Summary: New handset expected to sport 5-inch screen, and will see some “external changes” but retain its rectangle shape with rounded corners concept; to be unveiled at Mobile World Congress (MWC) in Barcelona next year.  —  Ellyne Phneah

Skype preparing to launch video messaging and ‘Metro’ design  —  Skype is preparing to update its range of clients to support a new video messaging option, The Verge has learned.  The feature will launch in time for the holidays, possibly as early as next month — according to sources familiar with Skype's plans.

Facebook's embedded option  —  The best way to think of Facebook's stock is as the sum of two businesses: the existing display ad businesses, and a probability-weighted option on a new line of business.  This is how Wall Street views it.  For example, here is a section of a recent Goldman Sachs analyst report on Facebook: