Facebook, MySpace Hit by Zero-Day Flaw - by Jake Soriano from Trend Micro   "A vulnerability in the image uploader used by MySpace and Facebook was recently discovered by security researchers, bringing about issues of the possibility of exploits and malicious users gaining access to affected systems."

Spam continues to increase, Symantec says - by Robert Vamosi from CNET   "Spam now accounts for 78.5 percent of all e-mail traffic, according to a new report from Symantec. That's up from previous months. And Europe, not the United States, can now claim to be the source of most spam."

Decision Time For Yahoo - by Michael Arrington from TechCrunch   "The dust is settling on Microsoft’s $31 per share offer to acquire Yahoo, and the options left open to the company are fairly well understood at this point. There will almost certainly be no White Knight or other buyout offer coming to the table."