April 14, 2012, 11:35 PM

Top News

New York Times:
Instagram Founders Were Helped by Bay Area Connections  —  SAN FRANCISCO — Past midnight, in a dimly lighted warehouse jutting into the San Francisco Bay, Kevin Systrom and Mike Krieger introduced something they had been working on for weeks: a photo-sharing iPhone application called Instagram.
Matt Brian / The Next Web:
Twitter Wanted to Buy Instagram, But Facebook Beat it to it  —  Facebook may have secured the $1 billion acquisition of Instagram last week but it appears it wasn't the only social network that was interested in the service, with a recent New York Times report suggesting that Twitter was also in the running.
More: Business InsiderTweets: @davezatz
Ellis Hamburger / The Verge:
Paper for iPad hits 1.5 million downloads in first two weeks  —  FiftyThree has just announced that its first app, Paper for iPad, has hit 1.5 million downloads in the App Store.  In comparison, an app like iPhoto (which is available for both iPhone and iPad) hit about one million downloads its first ten days on the App Store.
Katherine Rushton / Telegraph:
Google Wallet boosted by EC probe into rival phone payment project  —  Google has been handed a major headstart on cornering the UK's ‘swipe and pay’ mobile phone payments market with its Google Wallet, after the European Commission delayed a rival project by Britain's biggest mobile operators.
Jason Calacanis / LAUNCH:
The One Product That Makes Apple a Trillion-Dollar Company Overnight  —  Apple will become a trillion-dollar company based not on iPads and Apple TV, but payments.  —  Imagine taking out your iPhone and instead of buying Angry Birds you bought the latest Groupon.
Ernesto / TorrentFreak:
Pirate Party Ordered to Shut Down Pirate Bay Proxy  —  After two Dutch ISPs were ordered to censor The Pirate Bay earlier this year, there was an influx of visitors to Pirate Bay proxy sites.  —  These proxies render the court order useless, which is a thorn in the side of local anti-piracy outfit BREIN.
Apple releases Flashback removal tool  —  Coming on the heels of its Thursday Java update, Apple has released a separate program to remove the so-called Flashback trojan that has affected over 600,000 Macs worldwide.  —  Apple on Friday released version 1.0 of its “Flashback malware removal tool” …
Damon Poeter / PC Magazine:
Scientists Build First Working Quantum Network  —  Scientists at the Quantum Dynamics division of the Max Planck Institute of Quantum Optics (MPQ) in Garching, Germany announced Wednesday that they have built the very first, elementary quantum network comprised of a pair of entangled atoms …
Sean Hollister / The Verge:
Valve reveals mystery hardware project: wearable computing  —  This morning, Valve Software set the world of gaming news abuzz by attempting to hire hardware engineers.  Now, Valve developer (and well-known programmer) Michael Abrash has revealed what kind of hardware the company is prototyping: computer technology you can wear.

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Converting free-to-paid  —  Through a survey of 7000 digital consumers globally, find out what prompts free users to convert to paying customers.
Upload Web Receipts for scanning with the new Google Chrome add-on  —  Remember the days of keeping receipts in a shoebox?  Sure, you had them all in one place, but they weren't organized, they weren't sorted …
CareerArc: Amazon to Hire 100k Workers this Holiday Season, Reflects Shift in US Retail  —  Amazon is the largest employer of seasonal hires in 2015.  How is the overall shift towards e-commerce changing US retail and labor?

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Daniel Eran Dilger / AppleInsider:

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