High-flying ecommerce startup Fab has raised an additional $150 million, bringing its total investment to $310 million. As AllThingsD reports, however: “The new investment should only lead to more chatter among industry insiders who believe, among other worries, that the company is raising too much money; that it is expanding too fast; that it must have weak margins; or … that it will ultimately be stomped out by Amazon.” 

Facebook on Wednesday said it has reached 1 million advertisers. Forbes interprets the number as signaling that Facebook “has become a mainstream advertising channel for small and medium-sized businesses.” Facebook is also reporting more than 2 billion connections between members and local businesses. 

What’s one way for Samsung to steal cool points from Apple? Feature Jay-Z in an ad, and then give away 1 million copies of the rapper’s next album 72 hours ahead of its official release date on July 4. “The users are to receive the music through an app they’ll receive later this month,” The Wall Street Journal’s Speakeasy blog reports. “Samsung paid $5 apiece for the albums,” it writes, citing a source. 

Remember Digg? The social news pioneer, which was acquired by Betaworks last year for a half million dollars, is preparing to launch a very Google Reader-like service. Opportunistically, “It looks like it'll arrive just ahead of the final days of Google's RSS aggregation service,” Engadget reports. “The service, which uses the same API as Reader, is planning a public beta starting on June 26th.” 

With no end in sight to its shopping spree, Yahoo is reportedly close to dropping as much as $50 million on app maker Qwiki. Born as a multimedia search offering, Qwiki has recently gained traction with an iPhone app that lets users turn their photos, music and videos into short movies. “We want to be the first real storytelling app,” Qwiki CEO Doug Imbruce told AllThingsD in February. 

Microsoft today is expected to debut new native ad formats for Windows 8 “The new ads … will revisit what a banner can be on Windows 8 devices, whether they're desktop computers, tablets or mobile phones,” AdAge reports. The ads were apparently developed with the help of brands and agencies, including All Saints, Dell, Universal McCann and VML. 

Samsung says it will soon launch the world's first smartphone with a network connection boasting ultra-fast LTE-Advanced speeds. It is a variant of the company's Galazy S4, a new report says. J.K. Shin, Samsung's head of mobile business, per Reuters, said Samsung would be the first manufacturer to launch a smartphone with "advanced 4G." He did not give a date, but said it could be on sale as early as this month.

Trying to make good with consumers in the wake of reports that technology companies cooperated with government surveillance efforts, Apple is trying to prove that it never gave the NSA free access to its servers. “Apple said the requests came from federal, state and local authorities regarding both national security matters and criminal investigations,” The New York Times reports. 

Partnering with the makers of "Shrek" and "Kung Fu Panda," Netflix on Monday announced multi-year deal with DreamWorks Animation SKG Inc. “The agreement is Netflix's largest for original programming,” Reuters reports. “DreamWorks said the deal, which involves 300 hours of new programming, is a cornerstone of a major initiative to expand its television production and distribution,” 

Later this week, Facebook will reportedly add a video feature to Instagram. “On June 20, a source says Facebook will unveil that Instagram … will begin to let people also take and share short videos,” TechCrunch reports. “Call it the Vine effect,” it adds, referring to Twitter’s popular video-snippet-sharing service.