Facebook buys Instagram for $1 billion

Woah! Out of nowhere, Facebook has acquired Instagram for $1 billion. The compensation is in cash and stocks.¬†Instagram will however remain a standalone app from Facebook but they will be integrated sometime in the future.¬†The transaction should go through this quarter pending some standard closing procedures. Instagram has 27 million registered users on iOS devices … Continue reading

Facebook might be adding a hate button

Facebook introduced a Like button in 2010 and it was a hit. In a few days millions and millions of users started liking stuff and every major website added the Like button, IMDB being one of the very firsts. TechCrunch reports that according to Facebook’s S-1 filing, users generate 2.7 billion likes and comments each … Continue reading