Fresh off Facebook's acquisition of Instagram for a whopping $1.17 billion and following a lackluster initial public offering punctuated by more fizzle than sizzle, Mark Zuckerberg and company are reportedly interested in scooping up Opera Software, the Norwegian outfit behind the semi-popular Opera browser, and the only browser maker that puts out entertaining press releases.
If there's one thing the Web isn't lacking, it's social networks. Between Google+, Facebook, LinkedIn, Tumblr, Twitter, and a host of others, there are plenty of options for sharing your personal, professional, and even private life with others, if you so choose. Microsoft apparently feels there's room for at least one more and has quietly launched So.cl (pronounced 'Social'), a supplementary social networking service of sorts.
Facebook co-founder Mark Zuckerberg tied the knot over the weekend, marrying his sweetheart of more than 9 years, and hopefully his marriage doesn't sputter the way Facebook's initial public offering (IPO) has. On just its second day of trading, the world's largest social playground saw its shares dip below its IPO price of $38 on Monday, a bad sign for those who thought pouring a ton of money into Facebook at the outset would lead to easy riches.
Uncle Sam was all set to collect around $600 million from Brazilian Eduardo Saverin, the other co-founder of Facebook who will make another fortune off of the world's most popular social playground when it makes its initial public offering (IPO) on Friday. But rather than fork over all that money, Saverin decided to renounce his U.S. citizenship, a process he began back in September 2011.
Facebook's $1 billion adopted baby is growing up fast and may end up making the social networking site look like savvy parents with an real eye for potential rather than a silly entity that spent ten figures on a camera app with social features baked in. Before we get too far ahead of ourselves, however, let's look at what Instagram has done, starting with its fast growing userbase.
Different people handle breakups in different ways. Some might find it appropriate to stand outside their ex's home and blast Peter Gabriel's "In Your Eyes" from an outstretched boombox. Others simply move on, perhaps glad the experience is over with. But there's always that one person who does something completely inappropriate like, say, posting nude photos of their ex on Facebook, a decision that earned a scorned Australian lover a six months home arrest sentence.
When Mark Zuckerberg made the move to acquire Instagram for $1 billion -- Facebook's largest acquisition ever, and one that Zuckerberg negotiated almost entirely on his own without involving his board of directors, according to a report in The Wall Street Journal -- he may have tipped his hand and revealed how much the world's largest social playground is worth. That figure? At least $75 billion, if you can believe it.
Many B-rated horror flicks end with the good guys destroying some kind of monster, literal (like a flesh eating beast from hell) or figurative (deranged serial killer), with the camera then panning down to the creature. Right before rolling to credits, an eye opens or a arm twitches to let the viewers know it's still alive, ensuring a sequel is in order. Such is the case with SOPA and PIPA, the controversial privacy bills that were essentially destroyed by an angry Internet mob, only we didn't really kill it completely.
Fair statement or not, the social networking scene consists of Facebook (the largest social playground in the solar system), Twitter (the most popular micro-blog around), and everyone else. That's how it's perceived, anyway, with Google+ viewed by many as not much more than a ghost town, a struggling afterthought that most people are familiar with, but nobody actually uses. If going by the numbers, that perception is wrong.
Do you remember what you were doing in 1987? It was the year the Simpsons appeared for the first time as a series of shorts on The Tracy Ulman Show, Bow Wow was born, and both Larry Bird and Magic Johson were still in the NBA. It also happens to be the year an incident led to the Video Privacy Protection Act (VPPA), which was enacted a year later, nearly a decade before Netflix was founded and 16 years before Facebook launched. Yet this quarter-of-a-century old legislation is the reason why Netflix hasn't released a Facebook app in the U.S.