How Convincing is Facebook's Case Against Apple?

Hey all, it’s Kurt. Facebook Inc. and Apple Inc. don’t like one another—as you’ve read in this very newsletter—but Facebook turned up the heat on Wednesday when it placed a full-page ad in three of the country’s most prestigious newspapers, bashing Apple’s upcoming software update for the iPhone.

“We’re standing up to Apple for small businesses everywhere,” the ads say. Facebook followed up with a blog post and a press call similarly criticizing Apple, and is running more ads on Thursday.