Techmeme
April 9, 2012, 11:35 PM

Top News

Mark Zuckerberg / Facebook:
I'm excited to share the news that we've agreed to acquire Instagram  —  I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook.  For years, we've focused on building the best experience for sharing photos with your friends and family.
Kevin Systrom / Instagram:
Instagram + Facebook  —  When Mike and I started Instagram nearly two years ago, we set out to change and improve the way the world communicates and shares.  We've had an amazing time watching Instagram grow into a vibrant community of people from all around the globe.
Om Malik / GigaOM:
Here is why Facebook bought Instagram  —  You might have heard by now that Facebook has acquired Instagram for nearly a billion dollars in cash and stock.  Incredible, isn't it?  I have received text messages of awe and shock from many people in the Valley, for no one saw this coming.
Kara Swisher / AllThingsD:
Facebook to Acquire Photo-Sharing Start-Up Instagram for $1B  —  Facebook has just announced that it will acquire Instagram, the popular photo-sharing service for $1 billion in cash and shares.  —  The social networking site posted on the acquisition, its biggest yet, on its site …
Mike Isaac / Wired:
Exclusive: Facebook Deal Nets Instagram CEO $400 Million  —  Facebook's acquisition of the immensely popular photo-sharing service Instagram for $1 billion is far and away the largest acquisition in the history of the world's largest social network.  But for CEO Kevin Systrom and company, it's a windfall payday like none other.
Dave Thier / Forbes:
Computer Legend and Gaming Pioneer Jack Tramiel Dies at Age 83  —  Jack Tramiel, founder of Commodore International and crucial figure in the early history of video games, died passed away surrounded by his family on Sunday, his family confirms.  He was 83 years old.
Sarah Lacy / PandoDaily:
Investor Update  —  PandoDaily has always had a pact with readers that we'll be open and honest- particularly on the subject of our investors.  Typically, this means we're telling you about new investors.  —  Today, however, we find ourselves in the unexpected position of having to disclose …
Amrutha Gayathri / International Business Times:
Iran To Shut Down Internet Permanently; ‘Clean’ National Intranet In Pipeline … By AMRUTHA GAYATHRI: Subscribe to Amrutha's RSS feed  —  Millions of Internet users in Iran will be permanently denied access to the World Wide Web and cut off from popular social networking sites and email services …
Nicholas Carlson / Business Insider:
Before OMGPOP Sold For $210 Million, The CEO Hired Back Everyone He Laid Off And Made Sure They Cashed In  —  A few months ago, OMGPOP was about to go bust.  —  Its Facebook games weren't performing and prospects were so bleak, CEO Dan Porter was forced to lay off several of the startup's flash developers.
John Paczkowski / AllThingsD:
Analyst Cuts Apple Rating on Prospect of iPhone Subsidy Revolt  —  Now here are two words you don't often see in the same sentence: Apple and downgrade.  Yet here they are in a note from BTIG Research's Walter Piecyk, who this morning cut his rating on the company's shares to “neutral” from “buy.”
Sam Byford / The Verge:
RIM backtracks on stopping sideloaded BlackBerry PlayBook apps, plans separate anti-piracy measure  —  RIM's VP of Developer Relations Alec Saunders has taken to the BlackBerry Developer Blog to comment on reports that the company would remove the ability to sideload PlayBook apps.
Brian X. Chen / Bits:
Marriott Says It Stopped Ad Service Hidden in Wi-Fi  —  Last week, the Courtyard Marriott hotel in Midtown Manhattan was discovered to come with some hidden extras: The free Wi-Fi connection inserted lines of code for serving special ads into every Web page a guest visited.
Jeff John Roberts / paidContent:
New Groupon lawsuit targets execs, seeks board seats for shareholders  —  The lawsuits are coming fast and furious against Groupon after the daily deal site admitted to dodgy accounting tactics in a recent SEC filing.  —  The latest complaint is a so-called “derivative suit” …
More: CNET and VentureBeat
Agam Shah / Computerworld:
India's $35 tablet getting new hardware, Android 4.0  —  The $35 Aakash 2 will ship in two to three weeks  —  India's highly touted $35 tablet, set to ship in two to three weeks, is getting a makeover with improved hardware and Google's Android 4.0 OS, according to the company assembling the device for the Indian government.
More: Liliputing

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