A social network for sharing image collections has turned off sharing on Twitter after a large spam run referenced the service.

Spammy postings on Twitter contained the phrase ?If I didn?t try this my life wouldn?t have changed? followed by a link. Some posts included a tag referencing Weheartit.com, an image-sharing service.

On Wednesday, We Heart It wrote on Twitter that ?we?ve temporarily disabled sign-in and sharing via Twitter while we look into an issue. Please sign-in via email in the meantime.?

We Heart It enabled sharing with Twitter in January. Items that people ?heart? are autoposted to a person?s Twitter account.

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Qualcomm?s activities in China could result in regulatory penalties for the chip vendor, this time from the U.S. Securities and Exchange Commission over bribery allegations.

The company is already facing an anti-monopoly probe from Chinese authorities for allegedly overcharging clients. But on Wednesday, Qualcomm said that the SEC may also consider penalizing the company, as part of an anti-corruption investigation.

The SEC?s Los Angeles Regional Office has made a preliminary decision to recommend that the SEC take action against Qualcomm for violating anti-bribery controls, the company said in its second quarter report. The accusations involve Qualcomm offering benefits to ?individuals associated with Chinese state-owned companies or agencies,? the report added.

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Megaupload, the defunct file-storage site, is asking a Hong Kong court to release millions of dollars in assets as part of efforts to allow its former users to reclaim their data.

The company?s assets were frozen by Hong Kong at the request of the U.S. Department of Justice around January 2012 after its operators, including founder Kim Dotcom, were indicted by U.S. prosecutors for allegedly profiting from large-scale copyright infringement.

On Wednesday, the High Court ordered Hong Kong?s Department of Justice to respond to Megaupload?s filing by June 4.

Megaupload attorney Ira Rothken said in a phone interview the move is part of a long-running effort to allow Megaupload to restart its servers so users can reclaim their data, unavailable since the site was shutdown.

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Mark Pincus, who founded Zynga in 2007 and gave up his CEO title less than a year ago, is now giving up all his operational duties at the company.

Pincus will give up his title as chief product officer?a role he stepped into just last July as the game company took a renewed focus on mobile. Pincus will stay on as Zynga?s non-executive board chairman, the company announced on Wednesday.

Pincus will keep an office at Zynga and will be active in supporting the company, but he will not have an operating role, he said in a blog post of his own.

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The U.S. Federal Communications Commission will take public comments before moving forward with a new set of net neutrality rules that sparked controversy when they were leaked in a news report earlier Wednesday.

The FCC will release a proposal soon to reinstate net neutrality rules that would allow broadband providers to negotiate with content providers for preferential treatment, an agency official confirmed Wednesday.

Some digital rights groups called the pay-for-priority proposal, reported earlier in a Wall Street Journal article, the death of net neutrality at the FCC.

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Apple CEO Tim Cook thinks Microsoft could have benefitted from bringing the Office suite to iPads earlier, but it was better late than never.

Microsoft introduced the collection of Office apps for the iPad in late March, and within nine days, downloads of the productivity apps totaled 12 million.

?If it had been done earlier, it would?ve been better for Microsoft,? Cook said during a second-quarter earnings call on Wednesday.

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The continuing NatWest debacle has highlighted the IT systems risks faced by British banks, springing from a lack of investment in back-office staff and a reluctance to abandon legacy systems

(ZDNet UK - IT Strategy)

The Nexus 7 is the first tablet that Google will sell directly to the public, starting at £159 for the quad-core device running the next version of Android, Jelly Bean

(ZDNet UK - Mobile Devices)