April 2012

A Cool Billion

Facebook issued a press release stating that it has agreed to acquire Instagram , a photo-sharing app for mobile devices, for total consideration of “approximately $1 billion”, including cash and shares of Facebook. The transaction is expected to close later this quarter. Mark Zuckerberg, founder

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Geek Fact for April 4th

In 1994, Netscape Communications was founded as Mosaic Communications. Mosaic, later renamed Netscape, was the pioneering company in the field of internet browsers. Its Navigator provided the first user-friendly way for people to be able to surf the internet. Learn more at http://news.bbc.co.uk/2/hi/in_depth/business/2000/microsoft/635689.stm

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