Consumer Confidential: iPhone alarm woes continue, Facebook rakes in the views and money
--If you rely on your iPhone to get you up in the morning, chances are you didn't hit the ground running on Monday. Apple acknowledged over the weekend that some iPhone alarms weren't working properly, but the problem has persisted into the workweek -- despite Apple's assurances that the gadgets would basically fix themselves. A check of Twitter on Monday showed that many people were still living alarm-free lives and weren't pleased that their cherished iPhones were letting them down. The problem reportedly involves alarms set for one-time use, not repeating alarms that are set to sound every weekday. To dodge the problem, the company told users to set all of their alarms as recurring ones during the weekend. We'll see what its next suggestion will be.
--How much is Facebook worth? The latest estimate would be in the range of $50 billion, thanks to a $500- million investment by Goldman Sachs and Russian investment firm Digital Sky Technologies. This means Facebook is now worth more than Time Warner, Yahoo and EBay and is just a few billion shy of being worth more than General Motors. Facebook passed Google last year as the most-visited website in the United States, according to market researcher Experian Hitwise. But even though Goldman Sachs can invest in Facebook, you can't. The company has yet to offer its shares to the public, although there are rumors that this could happen by next year.
-- David Lazarus
Photo: Some iPhone alarms still weren't ringing on Monday.