Instagram's instant billion-dollar payday
week in review Facebook makes its biggest acquisition to date, while the Justice Department files e-book price-fixing lawsuit against Apple. Also: a privacy-minded ISP.
week in review Just weeks away from what's expected to be a historic Internet IPO, Facebook announced it had agreed toin a cash and stock deal valued at about $1 billion.
Facebook has made a slew of acquisitions to date, but nothing of this scale. Instagram is a 2-year-old startup that comes with some 33 million users and a growth rate that's the envy of Silicon Valley.
The key win for Facebook here is mobile engagement. The social network has had a mobile app for years, but it doesn't have the user love that Instagram does. By acquiring the best-of-breed mobile app -- at least in terms of audience development --
The Justice Department is alleging that Apple worked with publishers to raise e-book prices.
Step aside, AT&T and Verizon. A new privacy-protecting Internet service and telephone provider still in the planning stages could become the ACLU's dream and the FBI's worst nightmare.
Groups critical of Apple and its manufacturing partner Foxconn say Apple can afford to pay suppliers more. That, in turn, could lead to improved working conditions at factories in China.
The online retail company says in-app purchasing can be easily integrated into apps available in the company's Appstore.
Apple's removal tool for the Flashback malware is available as part of a Java security update.
Nokia confirmed a problem with the Lumia 900's ability to access data and is taking drastic actions to make up for it, offering a $100 credit to existing and new customers through April 21.
Sergey Brin and Larry Page issue a letter explaining their decision for the first stock split in the company's history.
Microsoft opens up its wallet to get 800 patents and patent applications, and it also will get a non-exclusive license for the patent portfolio that AOL retains.
Appeals court rejects government's interpretation of a nearly 30-year-old act, ruling it was intended to prosecute computer hacking, not misappropriation of trade secrets.
Brian Dunn resigns and director G. Mike Mikan will serve in the interim. Best Buy says it was "time for new leadership to address the challenges that face the company."
Modern warning systems plus radar and a better sense of oceanography make it unlikely that a ship could be lost at sea -- with hundreds or even thousands dead -- in 2012.
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