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

Bomb Blast in New Delhi

An Israeli official said on Monday that an ‘explosion’ has hit an Israeli diplomat’s car in the city, AP reported. Four persons were hurt in the incident, TV channels reported. Israeli embassy spokesman David Goldfarb said the car was near the embassy when the blast went off on Monday. The incident took place at about 500 meters away from … Continue reading