Facebook Buys Instagram
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When even your Grandmother's been on Facebook for years, the novelty is long gone, and Instagram has emerged as a kind of anti-Facebook. Now that Facebook is buying Instagram for a billion dollars, we'll look at what changes might be in store for the online universe. Also, what's next for Kim Jong-sun after failed North Korea's rocket launch? On Reporter's Notebook, 100 years after it sunk in the North Atlantic, the Titanic is good for business. We hear about commemorations in places with historic ties — and places without them.
Banner image: Photo-sharing app Instagram fan page is seen on the Facebook website. Photo by Karen Bleier/AFP/Getty Images
What's Next for North Korea after Its Failed Rocket Launch? ()
The launch of the satellite Bright Shining Star was designed to introduce North Korea's newest leader to the rest of the world. The result was a $100 billion humiliation, as we hear from David Kang, Director of the Korean Studies Institute at the University of Southern California.
A High-Tech Gamble on the Next Big Thing ()
Instagram is a simple way to create your own art online with your smartphone photographs. It lets smartphone photographers enhance their pictures with 17 different filters and post their creations on the Internet. In 18 months it's attracted 33 million users. But with 13 employees, no advertisements and no sales of personal information, it hasn't made any money. For many users, it's come to be the anti-Facebook. Now Facebook's Mark Zuckerberg is buying Instagram for $1 billion. Will Instagram ever be the same? Is it further evidence that Facebook is losing its "cool?" Will Zuckerberg still be able to raise $100 billion with Facebook's Initial Public Offering?
- Aminatou Sow: Tech LadyMafia, @aminatou
- Dan Zak: Washington Post, @MrDanZak
- Michael Pachter: Wedbush Securities, @michaelpachter
- Brian Steinberg: Advertising Age, @bristei
- Teresa Caro: Engauge, @TeresaCaro
The 100th Anniversary of the Sinking of the Titanic ()
The "unsinkable" Titanic met its tragic end on an ill-fated voyage 100 years ago this weekend, but it's hardly forgotten. Today, places with direct connections to the Titanic are staging 100th anniversary events this weekend. So are other places that don't have historical ties – from Belfast, where the Great Ship was built, to landlocked St. Louis, Missouri. That's according to Ben Casselman with the Wall Street Journal.
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