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Posted by on Apr 9, 2012 in Social Media, tech news | 0 comments

Facebook To Buy Instagram for 1B

Facebook to buy photo sharing app Instagram for 1B in cash and stock.

Instagram has more than 30 million users in 18 months.  Instagram is the most popular free photo sharing iPhone app is owned by Burbn Inc. a San Francisco based company.  Instagram was named 2011 iPhone app of the year.

Mark  Zuckerberg said that it plans to let Instagram remain independent.  He also stated, “We need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.”

Instagram CEO Kevin Systrom released the following statement; “It’s important to be clear that Instagram is not going away.  We’ll be working with Facebook to evolve Instagram and build the network.  We’ll continue to add new features to the product and find new ways to create a better mobile photos experience.

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Posted by on Apr 6, 2012 in Social Media, tech news | 0 comments

Will Nasdaq Win Facebook Listing?

According to several anonymous media sources Nasdaq will list Facebook shares.

Nasdaq has a track record with securing Tech company listings; they have listed Google, Linkedin, Pandora, and Groupon.

It is estimated that Facebook’s offering could raise $10 billion which would be the largest Internet IPO since Google in 2004.

 

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Posted by on Aug 17, 2011 in Social Media, tech news | 0 comments

FA Cup Will Show Live Game On Facebook

FA Cup Football will air live on Facebook.  An agreement was reached to broadcast Friday’s match, it could potentially reach 700 million.

Friday’s match will be between Ascot United and Wembley FC, it will be livedstreamed on Budweiser’s Facebook page.  Budweiser signed a 3 yr sponsorship with English knockout cup competition for $39.4 million.

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