One billion dollars might seem like a high price to pay for a company with 13 employees and not much, if anything, in the way of revenues. But that’s what Facebook will pay to acquire Instagram, maker of a popular photo-sharing app for mobile phones. And though at first glance the deal might seem nutty, it may turn out to be a brilliant strategic maneuver—and a bargain to boot.
In an experiment I called “Month of Microsoft,” I’ve spent the past four weeks using nothing but Microsoft products—Windows computers, Windows phones, Xbox, Bing, Internet Explorer—instead of my usual lineup of Apple and Google products.
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. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.
The new interface of Apple TV, unveiled Wednesday at Apple’s event in San Francisco. The upgraded device supports full 1080p resolution and will cost the same price as its predecessors: $99. The device hits the shelves on March 16th with pre-orders beginning today. [REUTERS]
Live blog: Apple’s San Francisco event
New iPad will have a retina display!
“Twitter Inc. has acknowledged that after mobile users tap the “Find friends” feature on its smartphone app, the company downloads users’ entire address book, including names, email addresses and phone numbers, and keeps the data on its servers for 18 months.
Read more on the LA Times: Twitter stores full iPhone contact list for 18 months, after scan.
Sounds like Path was only the tip of the iceberg on this whole privacy thing.
Fast Company has “A rather nerdy analysis of the typical iPhone and Android home screen setup, and how each could be made more efficient.” You know, if you’re into that sort of thing.
3 Apples that changed the world: Eve’s, Newton’s and Steve’s