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Facebook Instagram deal faces FTC delay

Facebook Instagram deal faces FTC delay

Facebook's $1bn acquisition of camera app Instagram could be delayed, insiders have suggested, with the US government investigation into the deal potentially causing the social network to miss its Q2 2012 deadline. Although a Federal Trade Commission (FTC) probe into any deal of this size is standard, two people familiar with the investigation tell the Financial Times that the Instagram deal could be under the microscope for anything from six to twelve months.

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Zuckerberg defends $1bn Instagram grab to IPO investors

Zuckerberg defends $1bn Instagram grab to IPO investors

Facebook CEO Mark Zuckerberg has defended his $1bn acquisition of Instagram, telling skeptical investors at the social site's IPO roadshow that there's still huge growth potential in the camera app. The site founder told a New York investor gathering that Facebook had spotted a "tipping point" in Instagram's user data, The Telegraph reports, with Zuckerberg showing up for presentation duty wearing his traditional hoodie and jeans as he tried to justify what's believed to be a purchase he approved with little to no input from the company's board.

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TwitPic for iPhone takes on Instagram

TwitPic for iPhone takes on Instagram

TwitPic has launched its first mobile app, TwitPic for iPhone, a free photo and social app that pits the Twitter-sharing site against Instagram. Released today, TwitPic for iPhone takes a photo-centric approach to Twitter, rather than most apps for the short-message service which prioritize text sharing, and bundles various filters and effects for processing shots before publishing them.

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Instagram hits 50 million users

Instagram hits 50 million users

Facebook buying Instagram for $1 billion might be pretty cool, but the service hitting 50 million registered users is even cooler. Spurred on by the acquisition, plus the recent release of Instagram for Android, users are falling over themselves to get on board the image sharing service. According to the Instagram API, new users are joining at a rate of 5 million per week.

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Facebook earnings turn to Instagram and Yahoo

Facebook earnings turn to Instagram and Yahoo

There's something to be said about a company as seemingly fantastically successful as Facebook in regards to earnings which show growth over the year, but not over the quarter. That appears to be the case with Facebook here in their Q1 earnings report which has them at $1.06 billion revenues here in the first fiscal quarter of 2012, this up from $731 million during the same quarter last year but down from $1.131 billion the last quarter of 2011. That said, Facebook's earnings call has many similar shows of ups and downs, including how it's about to deal with Instagram.

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Fake Instagram Android app infects system with malware

Fake Instagram Android app infects system with malware

Instagram has been getting a lot of buzz as of late thanks to the Facebook buyout. Why you would try to download it from anywhere other than the Play Store, we don’t know, but it turns out there is a malicious version of the app in the wild. Russian developers have released a fake version of Instagram that when installed will send SMSs in the background. The messages are sent to a premium number which helps generate revenue for the developers.

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Zuckerberg negotiated Instagram buy with no board input

Zuckerberg negotiated Instagram buy with no board input

While it may have appeared that Facebook's purchase price of $1 billion of the app known as Instagram may have broken all barriers for the mobile software world, was originally going to be twice as nice - and all Zuckerberg. According to sources speaking with the Wall Street Journal, the original number asked by Instagram's Kevin Systrom was a whopping $2 billion USD. This number was negotiated over the course of three days (or so) before Systrom and Zuckerberg, essentially just the two of them, decided on a final price.

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Instagram wanted $2bn in Zuckerberg’s secret Facebook negotiations

Instagram wanted $2bn in Zuckerberg’s secret Facebook negotiations

Facebook's $1bn grab of Instagram last week could've cost the social network twice as much if it wasn't for Mark Zuckerberg's negotiation skills, bypassing the board for most of the acquisition preamble. Instagram creator Kevin Systrom was reportedly chasing a whopping $2bn for the photo filter and sharing app, according to the WSJ's sources, made more confident after Facebook had attempted to acquire his company the year before.

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Twitter tried to grab Instagram months before Facebook

Twitter tried to grab Instagram months before Facebook

An interesting report has surfaced regarding Instagram. At this point, we all know Facebook purchased the photo-sharing app for about $1 billion. The app had been around for two years and interestingly twitter co-founder Jack Dorsey was an early investor in Instagram. Reports are now surfacing that twitter had tried to buy Instagram "months" before Facebook.

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SlashGear Weekly Wrap-Up: April 14, 2012

SlashGear Weekly Wrap-Up: April 14, 2012

Happy Saturday, everyone. Hopefully you had a great week. If you've been too busy to keep up to date with all the goings on in the tech world, here's what you need to know. Eyes are still focused on Instagram, which has grown to 40 million users. Here’s something else to whet your electronics news appetite – T-Mobile breaks 1 million iPhone mark on EDGE. And here's some great news if you're Google stock holder – Google stock splits 2-for-1 to holder’s glee.

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