Tag Archives: billion

Facebook To Acquire Instagram For $1 Billion

9 Apr

Facebook To Acquire Instagram For $1 Billion | TechCrunch.

Facebook To Acquire Instagram For  Billion | TechCrunch

Facebook has just finished a deal to acquire Instagram. The compensation will be approximately $1 billion in cash and stock.

Mark Zuckerberg posted the following letter to his Timeline about the purchase:


I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.

For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.

That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.

We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.

These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram’s experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure.

This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.

We’re looking forward to working with the Instagram team and to all of the great new experiences we’re going to be able to build together.

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Warren Buffett Just Made an $11 Billion Bet on IBM

14 Nov

 

 

 

 

 

 


Warren Buffett Just Made an $11 Billion Bet on IBM
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Buffett acquired 64 million shares of Big Blue, which is good for 5.5 percent of the company. According to AllThingsD, the next biggest shareholder, the investment firm State Street, has about 5.33 percent of the company. Buffett, who doesn’t normally invest in tech companies, said he read a recent earnings report, and liked what he saw, stating on camera that IBM “treats their stock with reverence.” Whatever that means. Buffett says he has no plans to invest further in the company.

 

In 1804, there were only 1 billion of us. So how did we get to 7 billion humans in just 200 years?

1 Nov

NPR shows how medicine and technology have increased our lifespans.

How the hell did we grew so much is so little time? This video by National Public Radio has the answer.

via How the Hell Did We Get to Seven Billion Humans In Just 200 Years?.

Steve Jobs Was Ready For “Thermonuclear War” Against Android for Stealing Apple’s Ideas #teechy

21 Oct

“I will spend my last dying breath if I need to, and I will spend every penny of Apples $40 billion in the bank, to right this wrong,” Jobs said. “Im going to destroy Android, because its a stolen product. Im willing to go thermonuclear war on this.”Jobs used an expletive to describe Android and Google Docs, Googles Internet-based word processing program. In a subsequent meeting with Schmidt at a Palo Alto, Calif., cafe, Jobs told Schmidt that he wasnt interested in settling the lawsuit, the book says.”I dont want your money. If you offer me $5 billion, I wont want it. Ive got plenty of money. I want you to stop using our ideas in Android, thats all I want.”

via Steve Jobs Was Ready For “Thermonuclear War” With Google.

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