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Consumers the world around have fallen so hard for the charms of tablets that sales are expected to balloon by 98% this year. Research firm Gartner forecasts that tablet sales will reach 118,9m units this year, up from 60m units in 2011. The firm also pegs tablet sales at 182,4m units in 2013 and 369,2m units in 2016

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