Facebook: Uh, Never Mind That Last Update

Small but significant number of cases vulnerable

(NEWSER) - Oops. Now that millions of people have downloaded encrypted information like credit card and bank account numbers onto the Internet, a team of mathematicians and cryptographers have located a crucial flaw in online encryption. The flaw concerns the way the system generates random numbers to create a code critical to protecting digital information. In the system, randomly-generated prime numbers are used to create a public "key," which is used in a formula to encrypt information. The original, randomly generated numbers are kept secret. But in a small but significant number of cases, the random-number key generation system failed to work properly. The researchers found in certain cases that numbers were not truly random, making it possible to determine the secret keys used to generate the public key. The problem can only be fixed by software and Internet operations, not consumers. More»

Gizmos proliferate amid concerns on distracted driving

(NEWSER) - Imagine cruising down the highway at 65mph while checking tweets, buying movie tickets online, or booking reservations at a restaurant. This scenario is the not-too-distant future of driving, reports the Wall Street Journal , as auto manufacturers seek to design an innovative "connected car" full of Internet-accessible gadgetry. The push for a tech-infused car comes as a national push for rules banning phones in cars seems to be fizzling out and automakers look to entice the youth demographic. More»

Court threatens to come down on firms 'like China'

(NEWSER) - A strongly-worded directive from an Indian court, threatening to crack down on websites "like China," has pushed Google and Facebook to bar some content on Indian domains, Reuters reports. Some 19 other companies have also been asked to block material considered offensive to Hindus, Muslims, and Christians following a court case. The companies haven't yet given details of what was removed. More»

Experts offer healthy dose of skepticism

(NEWSER) - After Facebook's IPO filing on Wednesday, analysts are abuzz over a suggested $75 billion to $100 billion valuation. If the social network is to live up to the hype, it'll have to be "the next Google—or better," experts tell MSNBC . Opinions from around the web:

• Sure, 845 million active monthly users and $3 billion in yearly revenue is nothing to sniff at. But a $75 billion valuation would make Facebook worth 40% of Google, whose profits are 11 times the social network's—whose growth may already be slowing, MSNBC notes.

Mark Zuckerberg flies private, and other revelations

(NEWSER) - Facebook has officially filed its 150-page S-1 with the SEC, which means a boatload of new details about the company are officially out in the open. Some things you didn't know before, but do now, by way of the Los Angeles Times , Huffington Post , and New York Times :

• Mark Zuckerberg's annual salary will fall to $1 in 2013, a la Steve Jobs, but this year he'll collect a $600,000 salary, an increase of $100,000 over last year. (Of course, salary, schmalary: He could be worth as much as $28 billion after the IPO; this year's salary is .002% of that amount.)