Internet
Facebook buys Instagram for $1 billion
Facebook has just announced that it has bought the Instagram photo-sharing service for a cool $1 billion (around £630 million).The shock acquisition comes just days after the filter-friendly application launched an Android app to sit alongside the iOS service, which has over 30 million users.


Facebook has just announced that it has bought the Instagram photo-sharing service for a cool $1 billion (around £630 million).The shock acquisition comes just days after the filter-friendly application launched an Android app to sit alongside the iOS service, which has over 30 million users.The social networking giant will pay Instagram $1 billion in cash and stock from its upcoming IPO.
The full team, including CEO Kevin Systrom will stay on.CEO Mark Zuckerberg announced the deal on his Facebook page, saying hook-up will help to create the best possible experience for sharing mobile photos.Facebook IPOFacebook files for IPOZuck on ‘social mission’What Zuckerberg’s letter teaches usCommitted to growing InstagramZuckerberg also said that Instagram will remain as a standalone service that Facebook is committed to developing as independent entity.He wrote: “I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.”For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.”We believe these are different experiences that complement each other.
Link:
Ecommerce
Thailand’s internet economy to hit US$53 billion in 2025
New users in Southeast Asia are coming online at a blistering pace, adding 40M new Internet users this year alone compared to 100M between 2015 and 2019 and 70% of the region’s population is now online.

Ecommerce
Southeast Asia’s internet economy hits $100 billion
The two pacesetters in the region are Indonesia and Vietnam, which lead the pack with growth rates in excess of 40% a year.

The internet economies in Malaysia, Thailand, Singapore and the Philippines are growing by between 20% and 30% annually, with no signs of slowing down, according to Google and Temasek multi-year research program.
(more…)Internet
Thailand enters 5G technology era
Thailand is leading the ASEAN community in 5G technology beginning with Chulalongkorn University and the Eastern Economic Corridor project from next year.
-
Forex6 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National3 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Banking5 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?
-
Economics3 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020