Browsing: Facebook

Apple is set to release a major update to its cloud service, iCloud, that will include new features for sharing images and may be positioned to compete with Instagram, the social photography service that was recently acquired by Facebook for US$1bn in cash

Facebook knows one of the biggest challenges it faces is monetising its mobile platforms and so it’s gradually overhauling them to do just that. When it originally filed its S-1 documents ahead of its listing on the stock market, Facebook conceded that its inability

Facebook’s amended US Securities & Exchange Commission documents filed on Monday revealed the social network is bigger than ever — 901m monthly active users, to be exact. At this rate of acceleration (there were 845m active users just a couple weeks ago), Facebook will have 1bn monthly active users strong before you know it

Lorne Gladstone of Toronto is 58, but prudently pondering how to bequeath his digital property. Doing the paperwork after his parents’ death was a challenge. “When my time comes, I wonder if my children will even know what paper is,” he says. As a software developer, his virtual assets are both valuable and vital to his business. That

Social network giant Facebook is allegedly targeting 17 May as the potential date for its initial public offering, according to a TechCrunch report that cites unnamed sources familiar with the company. The IPO date might be off depending on how much time federal regulators need

Most companies preparing for a huge stockmarket flotation would try to keep a low profile. Not Facebook. On 9 April, the giant social network stunned the business world by announcing it was buying Instagram, a photo-sharing social network, for US$1bn in cash and stock. This surprising combination, swiftly dubbed “Facestagram”, has

It’s like 1999 all over again. On Monday, Facebook announced it was buying photo-sharing company Instagram for US$1bn, netting the start-up’s cofounder, Kevin Systrom, a cool $400m. It’s paying over the odds, but the deal makes sense for Facebook ahead of its flotation on the stock market. At first glance and based on the

A lot of people are scratching their heads this week at the news that Facebook is acquiring photo-sharing site Instagram for US$1bn. The allure of retro-styled photo filters is pretty weak justification for a price tag that high. But of course it’s not about the photo filters, it’s about the fact that Instagram engages your

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

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