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Facebook and Microsoft are partnering up for $550 million patent deal. Earlier this month, Microsoft picked up almost 1,000 patents from AOL, worth a shade over $1 billion, a deal that Facebook was also vying for .

News updates all day from your Fast Company editors. Cell phone bill shock is a nasty problem for many customers in the U.S. on a regular basis, and it's not much of a surprise when the industry is rife with nickel-and-dime practices for adding to your bill.