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Facebook buys Instagram photo app for $1 bn
Apr 9th, 2012
Facebook announced Monday that it made a billion-dollar-deal to buy the startup behind wildly popular smartphone photo sharing application Instagram. (Source: AFP) -
By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc said on Monday it had acquired Liquavista NV from Samsung Electronics Co to help the world's largest Internet retailer develop new displays for mobile devices. Amazon also launched its own digital currency, Amazon Coins, on Monday, allowing people to buy apps and games in its app store ... [Full Article]
In this definitive telling of the history of Instagram we get CEO Kevin Systrom's reasoning for ultimately choosing Facebook's $1 billion offer over Twitter's $520 million-and it has less to do with money than you might think. "I'm not sure what changed my mind, but he presented an entire plan of action, and it went from a $500 ... [Full Article]
GEZIRAT AL-FADEL, Egypt (AP) - In 1948, Suleiman Mamoudi fled by foot with his parents and other families from their village of Bir el-Sabae in Palestine. The 28-year-old and his family walked west for several hundred miles, crossing the Sinai Peninsula before settling in an area around 90 miles (145 kilometers) north of Cairo. (Source: Associated ... [Full Article]
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