Technology & Media

Why Apple Stock Has Been Taking a Beating

Apple has taken a beating over the last five trading sessions, losing nearly 9% of its value – the worst performance since the fall.

Profit-taking is the reason most people mention. But you have to ask: Why now? Last week, …

Facebook to Acquire Instagram Photo-Sharing App

Facebook just announced “that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.” The deal consists of “approximately $1 billion in a combination of cash and shares of Facebook” and “is expected to close later this quarter.”

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