Swedish social media entrepreneur Erik Wachtmeister on Monday announced the launch of a new social networking site targeting the "top one percent" of Internet users, called Best of All Worlds.

The site, which helps users find events and contacts, counted 20,000 members even before its launch.

Will tweets make the difference in the 2012 U.S. presidential election?

Twitter and other social media are being used by candidates to energize supporters, raise funds and shift the focus of the public debate for what some call the nation's first "social election" in November.

Apple will unveil a new, smaller version of its wildly popular iPad in October after the release of the latest version of its iPhone next month, the All Things Digital website reported Sunday.

"First comes the latest iteration of the tech giant's hugely popular smartphone, which will be unveiled at an as yet unannounced event on September 12," the website said.

The Twitter age is killing in-depth journalism, while local newspapers are becoming extinct -- right?

Then what is a talented young New York Times reporter doing founding a website devoted to in-depth local reporting?

Facebook said Friday it had hired renowned architect Frank Gehry to design the company's campus expansion, which includes a new building with a rooftop garden.

"When it's completed, we hope it will provide a paradise workspace for the 3,400 engineers who will one day fill it," a company statement said.

An Estonian graphic designer has taken to cyberspace to protest Russia's jailing of feminist-punk activists Pussy Riot, launching an anti-Kremlin version of hit video game "Angry Birds".

Magnus Vulp said on Friday that the goal of his "Angry Kremlins" was to draw attention to the fate of the three Russian women, who were sentenced to two years in a corrective labor facility by a Moscow court.

Apple won more than $1 billion in a massive U.S. court victory over Samsung on Friday, in one of the biggest patent cases in decades -- a verdict that could have huge market repercussions.

A jury in San Jose, California awarded $1.049 billion to the U.S. tech giant, according to court documents. But analysts said the damages could be tripled because jurors found Samsung "willfully" infringed on patents.

Japan's scandal-hit Olympus said Friday it will sell its mobile phone unit to a domestic investment fund for $674 million as the camera and medical equipment maker eyes a return to profitability.

The 53.0 billion yen ($674 million) sale of ITX Corp would be posted as a one-time gain in the firm's second-quarter financial report, but "the impact of the sale on our earnings is uncertain at this point," the company said.

India's attempt to block online material that it blames for fuelling ethnic tensions was on Friday described by Internet experts as "monumentally incompetent" and "completely illegal".

The government over the past week has ordered Internet service providers to block 309 webpages, images and links on sites including Facebook, Twitter, Wikipedia, news channel ABC of Australia and Qatar-based Al-Jazeera.

A Seoul court ruled on Friday that Apple and Samsung had infringed on each other's patents on mobile devices, and ordered a partial ban on sales of their products in South Korea.

The court ruling comes as the two firms are locked in a bitter patent battle that could determine their fight for supremacy in the global smartphone market.