5 Species You Won’t Believe Are Related – [Cracked]
Facebook Buys Instagram for $1 Billion – [NY Times]
Facebook is not waiting for its initial public offering to make its first big purchase.
In its largest acquisition to date, the social network has purchased Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday.
With Instagram, Facebook will get a formidable mobile player – an area that is seen as a weakness for the sprawling social network. Founded two years ago, the service — which lets users share photos and apply stylized filters – has become one of the most downloaded applications on the iPhone, with some 30 million users. Instagram released a version of its application for Google’s Android operating system last week.
Related: Instagram Users React
AOL Sells 800 Patents For $1.1 Billion To Microsoft – [Tech Crunch]
This just in: one chapter of AOL’s patent journey is coming to an end. The company is selling 800 patents to Microsoft for just north of $1 billion: $1.056 billion in cash to be exact.
Tim Armstrong, the CEO of AOL (which owns TechCrunch), says that the company will continue to hold on to about 300 patents and patent applications after the sale. These span “core and strategic technologies” around advertising, search and content generation, he noted in a memo to employees.
To Be a Woman in Pakistan: Six Stories of Abuse, Shame, and Survival – [The Atlantic]
A difficult irony for women in Pakistan is that, should a victim speak up about physical or sexual abuse, she is seen as having lost her and her family’s dignity. Many rapes go unreported as the victim fears she will become worthless in Pakistani society. Often, women will turn to their employers; families they can trust. It’s a typically unnoticed form of charity but one that can be crucial to their survival.
These are the stories of six poor, working women of different ages, backgrounds, and life experiences in the Pakistani city of Karachi, where I grew up and where I met them. In interviews, which I have translated, edited, and condensed below, they told me about their lives and struggles within a cycle of poverty and, often times, violence.