Instagram is worth $35 billion

facebook-logoIn 2012, Facebook announced that it was buying Instagram for $1 billion. And since Facebook’s shares had declined by the time the deal closed, the actual value of the purchase was less than $1 billion. At that time it looked like Mark Zuckerberg had overpaid for the picture and video sharing site. Instagram wasn’t even being monetized and no one was sure how Facebook was going to make its money back.

Well, here we are in 2014. Instagram is extremely popular. Recently, it was announced that it had 300 million active users. Also Instagram tops the 284 million active Twitter subscribers. It also now runs ads. Yes, I would say that Facebook’s purchase of the site was a good idea at the time.
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All third party Snapchat apps have been taken off Windows Phone store

snapchatLast month, we heard reports about security concerns over Snapchat, mostly over third-party apps that are alternatives to the native Snapchat app.

Instead of going after the third-party developers directly, the service went after its own users, giving warnings when the social messenger detected use of a non-native app. After a warning, they follow up with a notice that user accounts will be locked if they do not stop using these third-party apps. The problem is that Snapchat does not have any official APIs for developers to use, so this leads to security issues. Seems mean to go after the users, but apparently their hands were tied.
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Moto X (2014) Gets Android 5.0 Lollipop In The UK

Moto X

If you’re residing in the UK, and are a proud owner of the second generation Moto X, there’s a piece of good news for you.

Motorola has started rolling out the Android 5.0 Lollipop update for the Moto X (2014) in the UK. There’s one catch here, it’s just for the unlocked variant of the handset.

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32GB Moto X (2nd Generation) Coming to India on December 22

Moto X

It’s been a while since the second generation Moto X went on sale in India, but it was only available with 16GB of storage on board.

Unfortunately, there’s no microSD card slot on the handset so the 16GB on board storage may seem a little less for some power users. If you’re thinking about the Moto X, but holding off since the 32GB version is not available, there’s a piece of good news for you. The 32GB version of the Moto X (2nd generation) will go on sale in India from December 22nd.

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Minecraft Creator Purchased a Mansion in Beverly Hills for $70 Million

minecrafthome

Markus “Notch” Persson, the man behind the popular Minecraft and Mojang which is now a part of Microsoft, has set a new record in the real estate market by purchasing the most expensive mansion for a whopping $70 million.

The mansion was originally priced at $85 million, and the bidders also included Beyonce and Jay-Z, but Persson ended being the victor, and purchased the mighty mansion.

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Samsung Rumored to Launch Apple Pay Competitor

Samsung

Back in September, Apple introduced their own smart mobile payments solution Apple Pay which give users the ability to pay thousands of stores across the United States using their iPhone 6 and 6 Plus.

According to a new report, Samsung is working on its own smart payment solution to counter Apple Pay. The report from Re/code suggest the Korean manufacturer is in talks with LoopPay, a payments startup. The report continues to mention that the new mobile payment solution will launch in the first half of 2015, citing multiple sources.

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Alleged Xiaomi Redmi 2S Spotted on AnTuTu

Redmi 1S

Xiaomi Redmi 1S received its fair share of success in China as well as India, where the handset sold out in mere seconds.

Now, it seems the Chinese company is working on the successor of the handset, the Redmi 2S, which was recently spotted on AnTuTu revealing the specifications of the alleged handset.

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