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This and more important news from your Fast Company editors, with updates all day. Fox Squeezes Net Access To Its Shows

Financial reports that

The U.S. cellphone market has just turned a very significant corner, ccording to Nielsen: The majority of new phones being sold are, for the first time, smartphones

Nokia's recent woes multiplied this week as the beleaguered Finnish firm shuttered online stores in the U.S.

Pre-pay cell phones globally dominate 70% of the market. As Android explodes and Apple ponders an iPhone Lite, prepare yourself for the true smartphone skirmish. As noted in an analysis by Asymco, the figures for global cell phone use show that 70% of the world relies on pre-pay cell phones and their tariffs and unsubsidized handset prices

Nokia's market share in all phone sales in Australia for the first quarter of 2011 was 24.6%--great, if it hadn't been 49.5% in the first quarter of 2010. Nokia's market share has halved.

This week Apple's COO and acting CEO Tim Cook was apparently spotted sauntering into the Beijing offices of China Mobile , the world's largest cellphone network, with 611 million subscribers (that's almost twice the number of people living in the U.S. ). As a result, analyst Brian White at Ticondera Securities suggested that Apple's poised to launch an iPhone whose price would appeal to the average Chinese smartphone user

1. Google's disputing a claim by Oracle that Google could owe it as much as $6 billion in compensation for infringements of Java IP

As you can see the bizarre story of Rebecca Black's "Friday" runaway viral video hit has taken another strange turn. It's been taken down not due to YouTube's strict copyright infringement rules, but by Black's command.

1. Turkish police say they have detained 32 suspected local members of the Anonymous hacktivist collective, which was recently protesting Turkish censorship of Net activities by attacking government websites. Spanish authorities arrested local members last week, and Anonymous seems to have then retaliated by attacking the Spanish police force's website and successfully bringing it down for a period.

Poynt deserves the "super app" moniker by which it is often described: The free application, which works for Android, iPhone, Windows 7, BlackBerry (including integration with Playbook), and Nokia QT, is a third-party service aggregator that provides local business listings and entertainment options (via Citysearch), directions (Google Maps), dining options and reviews (OpenTable), movie listings, and ticket purchases (CinemaSource and Movietickets.com).

1. Google offers, the business model backbone behind Google Wallet NFC credit cards, kicks off tomorrow

1. No sooner Google reveals Wallet , than a lawsuit about mobile selling pops up. It's from PayPal , complaining that Google's mis-appropriated secrets form inside PayPal's own mobile payments business, secrets it gained by hiring two former PayPal executives: Stephanie Tilenius (head of Mobile payments at Google, and the person who presented Wallet) and Osama Bedier

Microsoft just revealed its Windows Phone 7.1, a hotly anticipated update to its smartphone OS that boasts more than 500 new features. But it's not due on new phones until the fall--perfectly timed to coincide with the next iPhone arrival.

Nokia is now crowdsourcing creativity. "Invent With Nokia" is a new program wherein anyone can submit an idea, and if it results in a patented Nokia invention, you get a cut