Instagram CEO Kevin Systrom netted US$400m for selling his two-year-old startup to Facebook for $1bn. That’s according to a report by Wired, which cites sources indicating that Systrom holds 40% of the company he founded — an impressively large chunk for any entrepreneur at the time of exit, let alone one on his first company
Iran plans to disconnect itself from the Internet and replace popular services such as Google, Yahoo and Hotmail with homegrown, Iranian services, according to a report in the International Business Times. The IBT writes that Reza Taghipour, the Iranian minister for information and communications
The world’s largest social network has snatched up the Internet’s most buzzed about mobile app for photo-sharing for US$1bn, and the question on everyone’s mind is: why? The answer is obvious — it’s all about the photos — and it has been hidden in plain sight for weeks. On Monday, Facebook announced that it would acquire
While the rest of the world was waiting with bated breath for the release of the new iPad, my company was focusing its efforts a very different direction: building a version of our app for Windows 8’s Consumer Preview. We were cautious about this, as we’d built for the Windows 7 Phone, and initial adoption was undoubtedly disappointing. However, it looks
Facebook CEO Mark Zuckerberg has announced Facebook is acquiring Instagram in a deal worth US$1bn. The photo-sharing start-up recently passed 30m members. Particularly since picking up a slew of new users with its Android app launch, Instagram has become one of the most important for taking and sharing photos on mobile devices, so it makes perfect sense that Facebook would want the
Continuing its trend of turning science fiction into reality, Google officially announced its augmented reality glasses on Wednesday — and yes, they look about as geeky as you’d expect. Dubbed Project Glass, the glasses will allow you to do many of the same things you do with your smartphone without whipping out a separate device
A common frustration with London’s subsidised cycle-hire scheme is that it can be insanely hard to find a bike in rush hour, or a vacant docking slot at the end of a ride. Savvy cyclists tap an icon on their smartphones that shows them where to look. The widget, devised by Little Fluffy Toys, covers 32 cities in countries from America to
Greg Smith’s resignation op-ed in the New York Times must surely take the prize as the most talked about resignation op-ed of all time. Smith’s fans argued that his article was just one more proof that a once great company, Goldman Sachs, is on the skids. His
Linux is everywhere. You might not see it, and you probably don’t know it yet, but it’s powering the Web services you use, the phone in your hand and the ATM at your bank. The following video, just released by the Linux Foundation, is all about the places and apps where Linux is lurking
Another cog has fallen into place for the music and movie industries’ plan to transform major US Internet service providers (ISPs)…
