Techmeme: Report: Despite Systrom's denial, Twitter made $525M offer for Instagram (Eliza Kern/GigaOM)

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December 16, 2012, 8:00 PM

Top News

Nick Bilton / NYT Bits:

Disruptions: Instagram Testimony Doesn't Add Up — SAN FRANCISCO — On a late August morning, Kevin Systrom, chief executive of Instagram, took an oath before testifying at a hearing of the California Corporations Department, which sought to determine if Facebook's acquisition …

More: The Verge, Gizmodo and Business Insider

Tweets: @msg, @eghosao, @monstro, @elifrombrooklyn, @om, @obrien and @lexinyt

Eliza Kern / GigaOM:

Report: Despite Systrom's denial, Twitter made $525M offer for Instagram — The New York times reported Sunday details related to the acquisition of Instagram by Facebook that could spell legal concerns for both Instagram and Facebook. The Times reports that even though Instagram co-founder …

Wesley Yin-Poole / Eurogamer.net:

Why Xbox failed in Japan — The inside story on Microsoft's greatest ever challenge. — Bill Gates was preparing to walk out on stage to deliver his much-anticipated keynote at the Tokyo Game Show on Friday 30th March 2001. The Makuhari Exhibition Hall was packed with a 4000-strong audience.

More: The Verge, Kotaku, Neowin and parislemon

Martin Bryant / The Next Web:

Twitter has started rolling out the option to download all your tweets — Twitter CEO Dick Costolo has promised in recent months that an option for users to download an archive of all the tweets from their accounts would be available this year. At least for some, this long-awaited feature has arrived …

More: TechCrunch, CNET, NSpeaks, Scripting News, VentureBeat, PC Magazine, GigaOM, PC World, Mashable!, Gizmodo, The Verge, Engadget and SlashGear

Bloomberg:

Cisco Said to Hire Barclays to Sell Linksys Division — Cisco Systems Inc. (CSCO), the largest maker of equipment for computer networks, has hired Barclays Plc (BARC) to find a buyer for Linksys, which makes routers for home wireless access, said people with knowledge of the situation.

More: bizjournals and Reuters

Chris O'Brien / Los Angeles Times:

Apple takes investors on a wild ride — Apple's stock is extremely valuable and volatile. Its performance affects the global economy, not to mention just about anyone who has a 401(k) or a pension. — Some Apple believers say the way to understand the stock's behavior is to focus on market factors, not bits of news.

More: Calgary Herald and Globe and Mail. Tweets: @jonerlichman. Thanks:@obrien

Emil Protalinski / The Next Web:

New exploit could give Android malware apps access to user data on Samsung GS III, other devices — The brilliant minds at XDA Developers have done it again; this time, a user by the name of alephzain claims to have discovered a vulnerability in multiple Samsung devices that gives access to all physical memory.

More: Engadget, Android Community, The Verge and Gizmodo

Alex Wilhelm / The Next Web:

Microsoft's cloud vision: Why Azure is the linchpin of the firm's new ‘devices and services’ strategy — TNW was fortunate to recently interview Satya Nadella, head of Microsoft's Server and Tools division. During the course of the discussion, Microsoft's cloud strategy, the origins of Azure …

Thanks:@panzer

Horace Dediu / asymco:

Below the Surface — Early data shows that the PC market has not experienced a “pop” from Windows 8. Market watchers have been anticipating this pop since every previous version of Windows has led to a surge in shipments. PC vendors have also been hoping for this to lift their volumes.

More: parislemon. Tweets: @timcohn

Harrison Weber / The Next Web:

As Facebook joins the NASDAQ-100, both RIM and Netflix are dropped — Following the news that Facebook joined the NASDAQ-100, an index comprised of the 100 largest non-financial stocks listed on The NASDAQ Stock Market, Netflix and troubled BlackBerry maker RIM have been dropped.

More: NASDAQ.com, PC Magazine, CNET, Inquirer Business and The Verge

BBC:

Internet porn: Automatic block rejected — Campaigners say it is too easy for children to access explicit adult content — Ministers have rejected plans to automatically block internet access to pornography on all computers, saying the move is not widely supported.

More: The Verge, The Next Web and Neowin

Jenna Wortham / New York Times:

The Thriving Bazaar on Instagram — Instagram, the picture-sharing application that Facebook bought earlier this year, has not yet figured out a way to make money. But some of its users have. — These entrepreneurs have realized that they can piggyback on the popularity of Instagram …

More: iPhone in Canada Blog. Tweets: @fionaspruill and @hunterwalk

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