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- Teens Are Turning Away from Facebook Because Tumblr Is Real, and Parent-Free
Teenagers really are over Facebook. In February the social network warned investors that "our younger users ... are aware of and actively engaging with other products and services similar to, or as a substitute for, Facebook." And in April the investment bank Piper Jaffray reported that products and services like Tumblr and Twitter were further eroding Facebook's dominance among the Justin Bieber set. But why? In a deep report published on Tuesday, Pew Research explains that teenagers departing the social network's blue confines are looking for something more... real. ...
- See the Face of Suspected Burglar After Homeowners Fought Back
It involved a stun gun.
- Prosecutors consider using racketeering law against SAC: source
By Emily Flitter NEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the Racketeer Influenced and Corrupt Organizations Act, most commonly associated with prosecutions against the mafia, to move against Cohen's $15 billion hedge fund company, said the person, who spoke on condition of anonymity. While this is one option under consideration, no final decision has been made, the source added. ...