Breaking news from your editors at Fast Company, with updates all day.
Elevation Partners Looking To Raise Second Fund? Elevation Partners, co-founded by Bono, is looking to raise $1.9 billion for a growth fund, peHUB reports. This second round of funding comes after Elevation raised $1.9 billion in 2004. Since then, Elevation has invested seriously in Facebook, Yelp, and Palm, among others. --NS
--Updated 7:00 a.m. EST
Court Orders Twitter To Reveal Info On Three Users. In connection with WikiLeaks probe, Twitter has been asked to reveal information about three users currently under investigation. According to the ruling by a federal judge, the IP address of the computers the three people used was part of the information that Twitter needed to hand over, the New York Times reports. --NS
Facebook And FTC Near Near Settlement Over Privacy. The Federal Trade Commission and Facebook are approaching an agreement over Facebook's privacy settings. Among the stipulations in the agreement, Facebook will need to seek permission before making public any information that was once shared privately, the New York Times reports. Also, Facebook will keep itself open to privacy audits for the next twenty years. --NS
iOS 5 Update Not A Miracle Cure. As promised, Apple has released an update to iOS 5, to fix the battery-life drain that many users were facing. iOS 5.0.1 seems to be solving the problem for many users, but does not seem to be working for everyone. Last week, several users reported problems with the chatty voice assistant in the iPhone 4S, who went silent for several hours. --NS
--Updated 6:30 a.m. EST
[Image: Flickr user aresauburn]
Yesterday's Fast Feed:Steam's 35 Million Users' Info Hacked, Calls For NetApp Probe Investigation, Amazon Buys Siri-like Yap