Facebook Acquires Instagram for $1 Billion
Reactions to yesterday's news that Facebook plans to acquire Instagram for $1 billion are still piling up. While we hope that Facebook won't ruin Instagram, we already dug out some alternatives to the popular photo sharing service.
Sony Forecasts $6.4 Billion Loss
Sony has once again changed its forecast for the fiscal 2011, announcing it will take a $6.4 billion net loss, more than doubling its previous $2.9 billion loss forecast. The additional losses are “primarily due to the establishment of valuation allowances against certain deferred tax assets, predominantly in the U.S,” Sony claims.
Iran to Permanently Shut Down Internet
The Iranian government plans to completely cut off access from the internet to its citizens and establish a national intranet within five months, the IBF reports. In order to "clean up" the internet, the Iranian authorities will deny its people access to services such as Google, Gmail, Google Plus, Yahoo and Hotmail; the only accessible foreign sites will be the ones that appear on the government's "white list."