Microsoft and Facebook Announce Patent Agreement
Facebook will purchase a portion of the patent portfolio Microsoft had recently acquired from AOL for $550 million in cash, the company has announced. Under the terms of the agreement, Facebook will obtain ownership of approximately 650 AOL patents and patent applications, as well as a license to the other AOL patents Microsoft will purchase and own.
Netflix Reaches 26 Million Streaming Users Worldwide
Netflix has announced its fiscal Q1 2012 results, reporting $870 million in revenue, and nearly 3 million new subscribers to its streaming service, which now totals 26 million worldwide users.
Facebook Reaches 900 Million Monthly Active Users
Facebook has amended its S-1 to IPO with some interesting new data. The service now has 901 million monthly active users and 500 million mobile users. Furthermore, the company made $1.06 billion in revenue in Q1 2012, a 44.7% increase from the same period last year. Facebook is likely to go public on May 17.