Facebook Reveals True Price of Instagram Purchase

Facebook paid $521 million in cash and stock to purchase Instagram. Out of the $521 million, $300 million was paid in cash and the rest was 12 million shares of common stock. Prior to the closing of the deal in September, Facebook issued 11 million shares to the employees of Instagram valued at $194 million. So, in short: Instead of $1 billion, Facebook only paid $715 million for Instgram, majority of the purchase being paid in stock.  Read More

VIDEO: Mark Zuckerberg Is The Director Of CIA’s Facebook Program

Facebook is not what it seems to be. According to FactZone with Brooke Alvarez, Facebook, Twitter and the rest of todays popular social network are the CIA’s tracking device to locate people and to secretly invade their privacy, but is it privacy if you’re exposing YOUR BUSINESS online to the masses? There’s definitely some dumb tweets and Facebook post that makes no sense to talk about then again, Isn’t it your fault for... Read More

Facebook to Face.com for an estimated $100 million

Facebook announced that it would acquire Israeli startup Face.com for an undisclosed amount. Face.com develops a mobile face recognition platform that can be used in various online and smartphone apps. The implications for how this could affect use on the world’s largest social network are huge—it may soon become even easier for mobile phone users to tag people, blurring the line between the physical and online worlds even further. “The idea... Read More

Priscilla Chan hit the “Jackpot wedding”

Shortly after Mark Zuckerberg tied the knot with longtime girlfriend Priscilla Chan on Saturday, the Twitter jesters came out of the woodwork. “Mark Zuckerberg has changed his status to ‘Married’,” read one iteration of a popular joke. “Priscilla Chan has changed hers to ‘Jackpot’.”  Read More

FBI Task Force seeking Twitter Pimp

Federal agents obtained a sealed arrest warrant for Bradford who has been charged with the felony sex trafficking of minors by force, fraud, or coercion, which carries a sentence of 15 years to life. The Sacramento, California-based wannabe rapper, aka “King Kutta Mackin,” has been on the FBI’s radar since last February, when a 15-year-old girl told police that she fled from her pimp, whom she identified as Bradford.  A court filing indicates... Read More

Wikipedia goes all black everything to protest SOPA

Any student burning the midnight oil Tuesday may have been disappointed as what has become a primary research tool, Wikipedia, blacked out its Web pages as part of a global protest against anti-piracy legislation making its way through Congress. “Student warning! Do your homework early. Wikipedia protesting bad law on Wednesday!,” warned Wikipedia founder Jimmy Wales on Twitter, and with that, one of the most heavily visited websites... Read More

Friends and Fans plus the Comic world mourn over the death of Patrice O’Neil

Emotional outpourings have appeared on Twitter and Facebook as friends and fans learned of Patrice O’Neal’s death Tuesday. The comedian, known for his sharp and often shocking social commentary, died following complications from a stroke at the age of 41. Jonathan Brandstein, O’Neal’s manager, said he died in a New York-area hospital, reports the Associated Press:   Tweets from friends of O’Neil LoniLove Patrice O‘Neal passes... Read More

5 Facebook Privacy Settings You Should Change Now!!!

Recently hackers have been creeping into some FB accounts that leaves their friends views with some sexual content and gruesome pictures of deadly accidents.  Facebook has quickly grown from a tool used to stalk exes and reacquaint with old high school buddies to a can’t-live-without platform integrated with the rest of our online lives. As a result, these days, it seems like you can’t listen to a song, like a band or brand, or read an article... Read More

17 yrs old Courtney Stodden sexy pumkin picking wit her 51 yrs old husband

17-year-old Courtney Stodden and her 51-year-old husband Doug Hutchison went to a pumpkin patch this weekend, where they were promptly kicked out for inappropriate behavior. We, however, found her outfit more offensive than any paparazzi-baiting PDA.    Read More

Missing California teen sends mom Facebook message

Don’t expect Sheri Simonek to Facebook friend her new son-in-law. The California woman received a message from her missing 15-year-old daughter via the social network with word that the teen was safe – but married, pregnant and living in Mexico. “I believe she wants to come home, but she is scared for the man she is with now, thinking that he is going to go to jail,” the stunned grandmother-to-be told ABC affiliate KERO-TV. Alisa... Read More

The Mayweather Vs Ortiz fight Sept 14th

“It’s all a big joke,” Ortiz mumbled. “It’s nothing.” Perhaps. This is the biggest stage Ortiz has been on and may ever be on. However, the 24-year-old with the amazing life story remained unruffled, and calmly told Mayweather, smiling, “you’re going down, you’re going down.” Mayweather, who is guaranteed $25 million for the fight, is a veteran of the big Las Vegas boxing stage and knows... Read More

Paul Wall & Baby Bash held “in the same tank they held Willie Nelson/Johnny Cash”

Rappers Paul Wall (born Paul Michael Slayton) and Baby Bash (Ronald Ray Bryant) were arrested in El Paso, Texas, early Sunday morning on suspicion of possession of less than two ounces of marijuana. The pair, who were in town to perform at the Summer Jamm 2011 show on Saturday, were released on Sunday afternoon after each posted a $300 bond, according to the El Paso Times. Wall announced the arrest on his Twitter account, writing, “fresh... Read More

Feds Check Urbandictionary to get an Arrest Warrant

So a dumbass walks into a gun shop and asks the shop owner if  his illegal gun is illegal. Shop owner says yes, and calls the ATF. And that’s how the ATF ended up trolling Urbandictionary. The ATF seized his gun, which he bought from his former step-father, who got it from Craigslist. Oh, and the gun’s serial number had been filed down, So it was all totally “legit”. Anyway, Justin got so, so, so angry that he decided to let... Read More

LinkedIn makes a bigger move, watch out FACEBOOK

Image via CrunchBase LinkedIn, the business professional social network, is upping its expectations for its much-anticipated initial public offering, which it now believes can pull in as much as $274 million.The company released the pricing for its IPO Monday morning, May 9, and is now prepared to offer 7.84 million shares at $32 to $35 each, according to its updated S-1. Its optimism is a good sign for LinkedIn, but may not be a good indicator... Read More

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