NEWS

Instagram Team visiting Facebook HQ

Mark Zuckerberg announced Monday that Facebook will acquire Instagram, the trendy Smartphone app, for a staggering $1 billion. 

Instagram which launched for iPhone in 2010, is tremendously popular, allowing users to take or upload photos and then edit them for a similar look to lo-fi photography.  The pictures look great and people upload finished products to their social networking sites, ie Facebook and Twitter. Instagram has already earned 30 million iOS users and collected over 1 million the first day andriod was added.

Facebook will purchase the app for $1 billion in cash and stock, but promises to keep Instagram as a separate entity.  They have already hired the 13 person team responsible for Intragram and hope to only improve the app.

The success story of founder's Kevin Systrom and Mike Krieger may almost rival that of the Social Network. Systrom, Stanford graduate who designed the program had no formal computer science training, built the prototype from scratch.  He is now cashing in on a $400 million plus payday.

Zuckerberg wrote on his Facebook page saying:

"This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. We don't plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together."

Leave it to Weezy to resurrect one of 90's epic ragers....things could get interesting.

MTV – So it kind of makes sense that he announced on Thursday that one of the icons of 90s nu-metal, Limp Bizkit, would be joining the YMCMB roster. In an interview with New York’s 98.7 KissFM station DJ Lenny Green,Wayne said, “we’re always listening and looking at acts. Every other day I hear about somebody new just signed to Cash Money … The other day I found out Limp Bizkit signed to Cash Money. They’re singing everybody.” Wayne also said that the label could be working with former Murder Inc. princess Ashanti, but it was the news that Bizkit would join the likes of Nicki Minaj and Drake that raised the most eyebrows. Though they had a run at the top of the charts in the late 1990s with hits like a metalized rap cover of George Michael’s “Faith” and “Nookie,” by the early 2000′s Bizkit began to lose steam. In 2001, colorful guitarist Wes Borland split as the band fell into a creative and commercial funk.