Streaming radio service, Pandora, may soon be regretting opening its music box. Apple is apparently sticking with what should be their official mantra, “anything you can do, I can do better,” after reports began to leak that they are working on a streaming radio option of their own. With this one announcement, Pandora shares went into a tailspin, plunging 19%.

Facebook has added a Facebook Panic button application, following an agreement with (read as capitulation to, but we don’t mean that pejoratively) UK’s Child Exploitation and Online Protection Centre (CEOP). The way that it works, at least in theory, is that it provides an easy way for young people on Facebook (and their parents) to report suspicious activity – by which we mean activity that may be aimed at luring, stalking, or bullying minors – to both Facebook and CEOP.

Amazon has closed a chapter of its history that Amazon CEO Jeff Bezos has called “stupid, thoughtless, and painfully out of line with our principles.” Bezos was, of course, referring to Amazon’s removing, without warning, copies of Orwell’s 1984 and Animal Farm from the Kindles of nearly 2000 customers.

Google has officially confirmed the new search engine juju on which they’ve been working, previously in secret, for the past several months, now code-named “Caffeine”. Google Caffiene provides a new search infrastructure and algorithms that are intended to provide enhanced indexing speed, accuracy, and “comprehensiveness”, among other things, according to Google. Now Google is inviting folks to test Google Caffeine and rate it against old-formula Google, which we hereby dub Google Decaf. But will it give web publishers a Caffeine headache?