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Facebook’s opening price values Instagram at $1.27B and Kevin Systrom at $506M

Facebook is looking mighty fine today — especially if you’re Instagram, the photo-sharing company that sold its hit mobile application to the social network one month ago for a cool $1 billion in cash and stock.

But wait. Did we …

Use Bing’s Beautiful Backgrounds as Your Rotating Google Wallpaper [Google]

Chrome: Prefer Google's search but wish you had Bing's beautiful daily images? With the "Bing wallpaper for Google homepage" Chrome extension, you can set Bing's wallpaper to automatically load on your ...

Steve Jobs worked closely on upcoming iPhone redesign, says Bloomberg

A few days ago, The Wall Street Journal reported that the next iPhone will have at least a 4-inch display, and the next day Reuters independently reported the same. Yesterday, Bloomberg jumped in with the same report, so it looks like it's a lock. In addition, Bloomberg is also reporting that Steve Jobs "worked closely...

Facebook shares open trading at $42, a ten percent jump from IPO

Share of Facebook were supposed to start trading at 11:05 am today, but NASDAQ delayed that, and speculation is that heavy volume and too many sellers has prevented an actual start to open trading. Several pairs of buyers and sell...

After Months Of Waiting, Facebook Surges In Opening Moments As A Public Company

From here on out, Facebook will not be measured by the number of registered users, the number of photos being uploaded every minute or the number of likes and...

Publishing News: No dismissal for Apple, Macmillan and Penguin

Updates on the DOJ and antitrust lawsuits against Apple, Macmillan and Penguin; Russian startup Pirate Pay targets BitTorrent file sharing; and Steve Rubel muses on digital media, social sharing and news consumption.

Need A Little Context On Facebook’s IPO? The Social Network Made More Money Than…

Screen shot 2012-05-18 at 11.06.09 AMToday's Facebook IPO is a momentous, historical occasion. It's set to be the biggest tech IPO ever, and the third largest IPO in U.S. history, second only to Visa and General Motors. The company that was...

With 9M pre-orders, Galaxy S III could play hard to get

After waiting for Samsung's highly anticipated Galaxy S III handset, it's possible you could be waiting some more: Samsung has 9 million pre-orders for the new smartphone; 3x more than last year's model. And it says it can only build 5 million each month.

Annoying Kindle Fire welcome screen ads may be on the way

Amazon is pitching companies on the idea of advertising on the welcome screen of its Kindle Fire tablet — except that it will cost a minimum of $600,000 to do so, according an AdAge report.

Even though Amazon has frustratingly …

How To Buy Facebook Stock

Facebook goes public Friday. It could be worth well over $100 billion dollars. Want to get a piece of that? It's going to be very tricky for mere mortals to get Facebook stock in the IPO. If you want shares, here's what you have to do. ...