Techmeme
April 10, 2012, 9:50 PM

Top News

Paul Ford / New York Magazine:
Facebook and Instagram: When Your Favorite App Sells Out  —  Facebook, a company with a potential market cap worth five or six moon landings, is spending one of its many billions of dollars to buy Instagram, a tiny company dedicated to helping Thai beauty queens share photos of their fingernails.
Andy Baio / Wired:
Instagram's Buyout: No Bubble to See Here  —  Instagram's billion-dollar sale to Facebook raised eyebrows Monday, renewing fears of a new tech bubble.  But compared to other major acquisitions since the dot-com bust, turns out it's a pretty sane deal.  —  To put the acquisition in perspective …
Matthew Panzarino / The Next Web:
What Facebook backlash?  Instagram becomes #1 free app on the App Store for the first time ever  —  I guess all of the hue and cry about quitting Instagram over its acquisition by Facebook turned out to be a bunch of hot air, because it hasn't stopped people from downloading the app.
More: VentureBeat and GeekWireThanks:@parneetg
Kara Swisher / AllThingsD:
It's Official: Yahoo Reorgs Itself Just Like We Said (Memo Time!)  —  Yahoo CEO Scott Thompson just sent this note to Yahoo employees, about a new organization for the company.  —  “It's time for Yahoo! to move forward, and fast,” wrote Thompson (using punctuation I really, with nice comma deployment).
Vlad Savov / The Verge:
The 4 inch iPhone 5  —  In the past year of so the smartphone landscape has seen a trend of screen size increasing from around 3.2/3.5 inches to 4.3, 4.65 and as high as 5.3 inches in the case of the Samsung Galaxy Note.  The iPhone screen however, has remained at 3.5 inches since its debut in 2007.
Jim Dalrymple / The Loop:
Apple developing Flashback malware removal tool  —  In response to Flashback malware that's been in the news lately, Apple on Tuesday revealed that it is developing a tool to detect and remove it.  —  There is no date that the tool will be released, but considering it is Apple …
Andy Greenberg / The Firewall:
Jason Snell / Macworld:
iTunes: Time to right the syncing ship  —  When Apple introduced iTunes in 2001, it served one purpose: As a music jukebox app.  Later that year, it added its most important feature: The ability to sync tracks with the just-introduced iPod.  Originally, you could just drag tracks onto …
Reuters:
Court narrows reach of computer fraud law  —  (Reuters) - A U.S. appeals court rejected the government's broad reading of a computer fraud law to prosecute workers who steal from company computers, saying it could expose millions of Americans to prosecution for harmless activities at work.
Brad McCarty / The Next Web:
500px aims to take out Flickr with $20/year plan, unlimited storage, market function and Mac uploader  —  In a move that should be a surprise to nobody, technology darling 500px is moving to take out Flickr with a new Plus plan.  The company had previously held a high-level plan that was priced …
Kim-Mai Cutler / TechCrunch:
Amazon Takes In-App Purchases Out Of Beta: Here's How They Compromised On Revenue Share  —  Amazon is taking the wraps off a new in-app purchasing service today in an effort to make its app store competitive with what Apple and Google offer developers.  That should let developers …
Kara Swisher / AllThingsD:
Apple CEO Tim Cook to Appear as Opening Speaker at the D10 Conference  —  Walt Mossberg and I could not be more thrilled to announce that Tim Cook, CEO of Apple, will be the opening-night speaker at our 10th D: All Things Digital conference.  —  It will be Cook's first appearance at D …
Alex Wilhelm / The Next Web:
Microsoft's latest Facebook project: Meet ‘A Year In The Like’  —  Microsoft and Facebook are quite the buddies, with strong product integration, and Redmond owning a piece of the social giant.  That friendship was recently on display with the launch of a new little Microsoft project called …
Liz Gannes / AllThingsD:
Gnip Adds Data From Sina Weibo's 300M Users  —  Social-data provider Gnip will provide access to updates on Sina Weibo, the Chinese microblogging service with more than 300 million registered users.  —  The intent is for Gnip's social-media monitoring customers to help their own clients keep track …
Reuters:
DOJ may sue Apple over ebooks early as Wednesday: sources  —  (Reuters) - The Justice Department could sue Apple Inc as early as Wednesday over alleged electronic book price-fixing, while settling with several publishers as early as this week, two people familiar with the matter said.

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