Instagram $1 Billion Purchase by Facebook For What?

At the New York Times, Evelyn M. Rusli reports that

Facebook Buys Instagram for $1 Billion

inter alia quoting a Facebook press release as follows:

"Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.

“The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter."

At the same time at CNN, Molly Wood asks

Facebook buys Instagram...but for what?

Read both articles to get the scoop.

Facebook as a Money-Maker for Some Early Investors

At the New York Times, Nick Bilton and Evelyn M. Rusli have the story at For Founders to Decorators, Facebook Riches.

How Facebook's IPO Could Transform Marketing - Forbes

How Facebook's IPO Could Transform Marketing - Forbes: - Sent using Google Toolbar

Facebook Use in Academics by Students

Alexandra Rice has the story
at The Chronicle of Higher Education
in Students Push Their Facebook Use Further Into Academics

europe-v-facebook.org | EUROPE versus FACEBOOK

europe-v-facebook.org | EUROPE versus FACEBOOK: - Sent using Google Toolbar

Facebook Privacy Settings After New Rollout of Changes to Core Features

Ellis Hamburger at Business Insider give us 9 Critical Ways to protect Facebook privacy, especially in view of the Facebook rollout of changes to core features and a whole new set of privacy settings.

OK, Who Really Owns Facebook?

John Egan at Technorati Blogging reports on the new website WhoOwnsFacebook.com.