Last April Facebook agreed to buy the quickly growing photo-sharing network Instagram for a cool $1 billion. A year later, the jury’s still out on whether Instagram will one day reap huge profits.
Technology & Media
Report: Google Fiber Heading to Austin as Cities Race to Boost Web Speeds
America’s weirdest city is about to get wired.
Google Fiber is heading to Austin, according to multiple reports. If true, Austin, home of the South by Southwest festival, will become the largest city to receive Google’s …
Boob Tube Saturation: After TV Sales Decline Worldwide, Will Price Drops Follow?
Consumers aren’t falling out of love with their TVs. More likely, they can’t justify replacing the big new TV they purchased not long ago, or they’ve run out of places to put yet another screen.
Is the Global Economy Slowly Falling Apart?
For Americans, the economy is likely to remain sluggish for several years, but the long-term outlook isn’t nearly as bad as the pessimists say
Strange Bedfellows: 4 Companies Surprisingly Getting into the Hotel Business
What do a toy company, a supermarket, a low-cost furniture chain, and a movie studio have in common? They’re all trying to extend their brands—perhaps in embarrassingly awkward fashion—into the hotel business.
Internet Saved the Video Star: How Music Videos Found New Life After MTV
Left for dead by MTV in the mid-2000s, music videos have become a popular and revenue-generating enterprise online.
Behind the Hit Bible Miniseries: The Man Who Helps Hollywood Get Religion
The Bible, the five-part, 10-hour miniseries on History, which aired its final episode Sunday, has become the biggest cable television hit of the year. It brought in almost 13 million viewers the first night and consistently …
Google Glass Will Be Made in the USA by Foxconn
Google‘s high-tech glasses will be manufactured in California, according to multiple reports, in the latest example of an American tech company choosing to build one of its products in the United States. Google’s highly touted …
Q&A With the 17-Year-Old Who Sold an App to Yahoo for $30 Million
Nick D’Aloisio speaks about the development of Summly, how he met Marissa Mayer and his girlfriend’s reaction to his new fame.
Why Is That 17-Year-Old’s $30 Million News App Even Legal?
One news aggregator just lost a copyright-infringement lawsuit to the Associated Press. Could an app like Summly be next?
Despite the Rosy Reports, Very Few People Go to the Movies Frequently Nowadays
Are you a frequent moviegoer? That’s the term the Motion Picture Association of America gives to someone who sees at least one movie per month in the theater. And the association’s report says that across the board for all age …
Why Are Wall Street’s Billionaire Sharks Circling Dell?
Two of the most prominent figures on Wall Street — Carl Icahn, the famed corporate raider turned “activist investor,” and Stephen Schwarzman, the billionaire behind private equity behemoth Blackstone Group — have expressed …
