Instagram, acquired by Facebook a year ago for $1 billion, announced on its blog that it has surpassed 200 million users: "Today, we’re excited to share that the Instagram community has grown to more than 200 million Instagrammers capturing and sharing their lives every month." . Read More
Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). . Read More
Publisher's Note: The following is a free report being offered to DMW readers on behalf of Limelight Networks, a DMW advertiser. The "ESG Lab Validation Report" analyzes the results of an industry-wide acceleration technology “bake-off” with rankings to provide valuable insight into the global performance of leading CDNs. . Read More
President Obama on Friday was scheduled to meet with leaders of some of the nation's largest tech companies -- including Facebook CEO Mark Zuckerberg -- to discuss their privacy concerns regarding the National Security Agency (NSA), Politico reported. Executives from Google and Yahoo, among many others, also received invitations, a White House official told the publications. . Read More
GamesIndustryBiz reports that Wooga, a mobile social network and game developer, plans to launch its fifth internal studio. The company has five development studios and is preparing to open another soon.
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TechCrunch reports that Yahoo has purchased social data visualization firm Vizify. Vizify aids its users to envisage and graph their social lives in the setup of a private website of sorts. Vizify, a company established in 2011, had raised $1.46 million in its last funding round in 2012. Today, Yahoo will take over all the functions of Vizify. Read More
GamesIndustryBiz reports that GSN Games has acquired Bash Gaming for $160 million. Bash Gaming is the studio behind the most prevalent social and mobile title Bingo Bash, which currently has 4.8 million users across iOS, Facebook, Kindle and Android. Read More