Facebook set to buy Instagram

Mark Zuckerberg is going ballistic as his company is said to be the next owner of Instagram.

Facebook is going to pay $1 billion in cash and stock to the 2 year old photo sharing app’s developer in what is said to be the largest acquisition of the social media website month’s prior going public.

By acquiring Instagram, Facebook has prevented other companies from purchasing this solid app. Companies like Twitter and Google Inc. is also rumored to be courting the app developer before he decided to stick with Facebook.

According to Paul Becheit, “Anytime you see a social platform that’s growing that quickly, that’s got to be cause to be nervous. It would be better to have bought Twitter at this stage. So if you’re thinking this could be the next Twitter, it could be a smart thing to do,” he said of Facebook.

The social networking site has traditionally purchased small companies as a means of hiring individuals. They usually discontinue the acquired company’s products or they build a similar one and integrate it to their service.

Gartner analyst Ray Valdes said of the acquisition, “Facebook is acquiring a similar company in that it’s fast growing, doesn’t have revenue or a business model, but has become part of the online culture.”

Image Source: Globalpost.com

Facebook CEO Mark Zuckerberg against SOPA/PIPA

Supporters of the Stop Online Piracy Act have been dwindling in numbers. And the anti-SOPA sentiments have been increasing.

Facebook founder Mark Zuckerberg has now taken a stand regarding this very sensitive topic. While it was mediocre, it still was a stand.

Facebook stated, “PORTECT IP and SOPOA could create very real problems for Internet companies like ours that are a primary driver of innovation, growth, and job creation in the 21st century economy. The bills contain overly broad definitions and create a new private cause of action against companies on the basis of those expansive definitions, which could seriously hamper the innovation, growth, and investment in new companies that have been the hallmarks of the
Internet. In addition, we are concerned about provisions in the bills that could chill free expression or weaken the Internet’s architecture.”

Mark Zuckerberg personally posted a statement in his profile page which read, “The internet is the most powerful tool we have for creating a more open and connected world. We can’t let poorly thought out laws get in the way of the internet’s development. Facebook opposes SOPA and PIPA, and we will continue to oppose any laws that will hurt the internet. “

Image source: gottabemobile.com

Facebook to sue Mark Zuckerberg


Well, kind-of.

See, an Israeli entrepreneur by the name of Rotem Guez has legally changed his name to Mark Zuckerberg back in December 7.

“I’ve had a flooding of phone calls, as well from people I haven’t seen for years. The people I did talk to think it’s a mad idea, but take it with a smile,” the new Zuckerberg wrote to L.A. Times.

Now then-Guez has a company called Like Store that sells fans to brands and gathers Facebook “likes” to these brand pages. After ignoring a warning from Facebook in September asking him to take down his company, he might be facing a lawsuit after the social networking site sent him a cease-desist letter on December 14.

Guez-now-Zuckerberg told the L.A. Times that he did the name change on purpose. “I wanted that once they sue me, they’ll face suing ‘Mark Zuckerberg,'” he said.

Talk about weird. And creepy. 😉


Facebook Timeline now available to everyone

It’s finally here!

After months of waiting, Facebook Timeline is now officially online.

The feature was first announced at Facebook’s F8 conference in San Francisco and was first rolled out in New Zealand. Now, the largest social networking website is making it available to the whole world.

So what is Facebook Timeline? If you have been living under a rock and haven’t heard of this latest feature, Timeline shows a detailed overview of your life and being able to check out what you did and where you have been up to in a particular point in time, resurfacing ALL the content you have created in Facebook. Yes, and I mean ALL.

Among the striking new features in this profile upgrade is the cover photo which occupies a large portion of the page and allows you to post an image that “represents you best”. It also has a map feature which gives you a glimpse of the places you’ve been to.

Facebook users can access this feature by clicking the “Get It Now” button and start experiencing this upgrade.

For starters, users will have a seven-day grace period to review their own Timeline before it finally goes live after seven days.