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April 10, 2012, 5:25 AM
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memeorandum
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| 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.
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High Scalability, Branch, DealBook, Deal Journal, We Are Social, ReadWriteWeb, MediaNama, CNET, Ars Technica, PandoDaily, Gizmodo, Reuters, Guardian, eWeek, Los Angeles Times, TechCrunch, Redmond Pie, Photography Bay, What's Next Blog, Neowin, Friending Facebook Blog, Venture Capital Dispatch, The Next Web, Digital Trends, GigaOM, App Advice, Business Insider, The Toybox Blog, BuzzFeed, VentureBeat, The New Persuaders, Tecca, BostInno, Computerworld, CNN, IntoMobile and Macgasm
Tweets: @nickbilton, @cdixon, @stevestreza, @shervin, @joshmedia, @andrewchen and @peterrojas
Thanks:@forrestkoba| 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.
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GeekWire, Quora, CNET, Bits, Fortune, PeteSearch, Giles Bowkett, Guardian, Tom Anderson, Mark “Rizzn” Hopkins, PandoDaily, Business Insider, MacStories and The Next Web
Tweets: @cdixon, @dondodge, @erickschonfeld and @hunterwalk
| 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.
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parislemon, Social Media, Los Angeles Times, CNET, GigaOM, Redmond Pie, Business Insider, Lifehacker, Mercury News, WebProNews, SiliconBeat, Pulp Tech Blog, Pocket-lint, PC Magazine, ReadWriteWeb, Ubergizmo and Androidian3VOlution
Tweets: @standers, @dlprager and @christine
| 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 …
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Inquirer, Digits, Bits, Mashable!, Associated Press, Interactioned and DailyFinance.com
Tweets: @benhjacobs, @dcurtis, @tapbot_paul, @naval, @pkafka, @dsa, @bijan, @sacca, @jason and @semil
| 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.
More:
The Next Web, msnbc.com, Dice Blog Network and Federico Viticci
| Alexia Tsotsis / TechCrunch: |
Right Before Acquisition, Instagram Closed $50M At A $500M Valuation From Sequoia, Thrive, Greylock And Benchmark — I'm as shocked as you are, namely because I was working on this as a funding story all morning. Anyways, right before its billion dollar acquisition from Facebook …
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The Next Web, CNET, ReadWriteWeb, Fortune and Mobile
Tweets: @dondodge and @danprimack
See also Mediagazer| Lauren Goode / AllThingsD: |
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Daily Dot, The Next Web and MacStories
| Kim-Mai Cutler / TechCrunch: |
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Mercury News and DealBook
| Brittany Darwell / Inside Facebook: |
| Christine Herron / Christine.net: |
| CNET: |
Why Microsoft spent $1 billion on AOL's patents — Microsoft dropped an eye-popping $1 billion on 800 AOL patents today, an astonishing amount likely spent to keep the intellectual property trove away from rival Google. — But according to a source close to the situation, Google didn't even bid on the portfolio.
More:
Fortune, New York Times, SlashGear, AllThingsD, Guardian, BuzzFeed, ReadWriteWeb, ZDNet, Search Engine Watch and Techdirt
| Reuters: |
Microsoft trumps Amazon, others for AOL patents — (Reuters) - AOL Inc's months-long auction to sell the majority of its patent trove attracted interest from e-commerce giants Amazon and eBay, which have been largely absent from the recent patent wars. — AOL said it was selling …
More:
The CIO Report
| 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.| Frederic Lardinois / TechCrunch: |
Google's Chrome OS Will Soon Look More Like Windows Than A Browser — It's hard to say how popular Chrome OS, Google's browser-centric operating system, really is. There can be little doubt, though, that Google is quite serious about this initiative. Today, Google launched … | 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 …
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Business Insider. Tweets: @nikcub, @loic, @antoniogm, @dangillmor, @mathewi, @zee, @jayrosen_nyu, @gerryshih, @lucas_shaw, @dangillmor, @parislemon, @mulligan, @karaswisher, @eghosao, @jason, @spencerchen, @mattmireles, @centernetworks and @ddarlin. Thanks:@edwardaten
| Michael Arrington / Uncrunched: |
| Amrutha Gayathri / International Business Times: |
Iran To Shut Down Internet Permanently; ‘Clean’ National Intranet In Pipeline — 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, as the government has announced its plans to establish a national Intranet within five months.
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The Next Web, Engadget, Ars Technica, VentureBeat, Neowin, memeburn, BBC, The Register, The Next Web and Gizmodo
| Android Developers Blog: |
A Faster Emulator with Better Hardware Support — The Android emulator is a key tool for Android developers in building and testing their apps. As the power and diversity of Android devices has grown quickly, it's been hard for the emulator keep pace. Today we're thrilled … | Clint Boulton / The CIO Report: |
Google Organizational Changes Cloud the Future of Apps — Signs are emerging that Google is de-emphasizing its efforts in online productivity tools that compete with Microsoft, which was never the core of its business to being with, to focus even more on search and social networking, and its increasing competition with Facebook.
Thanks:@rajuv
| Jon Brodkin / Ars Technica: |
Windows-on-iPad service goes legit as Microsoft licensing demands are met — A hosted Windows and Microsoft Office service for the iPad and Android tablets that violated Microsoft's software licensing rules has apparently gone legitimate, with a new structure that complies with Microsoft guidelines for providing virtual desktops.| Rolfe Winkler / Wall Street Journal: |
Carriers Band to Fight Cellphone Theft — The nation's major wireless providers have agreed to a deal with the U.S. government to build a central database of stolen cellphones—part of a broad effort to tame an explosion of thefts nationwide. — The database, which the wireless companies … | 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:
Digital Trends and Liliputing
| 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.| Peter Brieger / Agence France Presse: |
Sony more than doubles net loss forecast to $6.4 bn — TOKYO — Japan's Sony on Tuesday said it would book a net loss of about $6.4 billion in the year to March, more than double its previous forecast amid sweeping changes at the struggling electronics giant.
More:
Reuters, The Verge, Engadget, Bloomberg, PhoneArena and The Next Web
| 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.”
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The Tech Trade, PhoneArena and Pulse2 Technology …
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