What you need to know - 07/05/11

LightSquared raised $265 million for 4G-LTE; Fox News Twitter account hacked

Dealised, provider of a group buying platform, raised S$6.5 million (US$5.3 million) in a Series A funding round led by SingTel Innov8.

In time with the 4th of July celebrations this weekend, VatorNews' Ronny Kerr sings an ode to independence from Facebook.

Ironically though perhaps predictably, Facebook founder and CEO Mark Zuckerberg is currently the most followed user on Google+, the latest stab at social from Google.

LightSquared, the first open, nationwide, wholesale-only 4G-LTE broadband network, raised $265 million in a round of funding led by new and existing investors, bringing the company’s total raised over the last year to $2.3 billion.

Over the weekend, hackers gained access to an official Fox News Twitter account and tweeted out alarming (and totally false) messages announcing President Obama's death.