Instagram, Lamar Odom and Blown Over by a Plane
So Kodak is bankrupt and Instagram is worth a billion dollars. How times have changed! Facebook is dishing out the billion bucks for the most popular photo sharing app out there, but for what? Facebook doesn't need the users, and 30-million Instagram users is a drop in the bucket for a social network with 850-million and counting. The company isn't even profitable yet. At least word, Instagram had 9 employees.
Some experts believe the answer is the audience. It's large, super engaged and, above all, mobile. That could be the why. Facebook has 450-million mobile users, BUT the company admits in its IPO filing that "We do not currently generate any meaningful revenue from the use of Facebook mobile products, and out ability to do so successfully is unproven." Even this is hard to believe, though. Like I said, Instagram doesn't even make a profit yet. CEO Kevin Systrom's stated goal for the company is build lots of users and then serve them ads, but how many mobile ads do you need to sell to make a return on a $1-billion investment? There is another line of the thought… Facebook has money to burn and Instagram is hip. That may sound far-fetched, but if you are drunk with cash, logical thinking goes out the window. The real answer is we just don't know why Facebook wants Instagram, but we will find out soon.
Lamar Odom is trending after breaking up with the Dallas Mavericks. No surprise here. The defending NBA champs ended the bumpy ride with last season's 6th Man of the Year by placing him on the inactive list for the remainder of the season.
Odom, who may be more famous as Khloe Kardashian's husband, was traded from the Lakers to the Mavs last December, but the deal never worked. Coach Rick Carlisle criticized Odam's conditioning and passion, and in recent games, Odom played only a few minutes.
On the other side of the coin, Barry Zito's star is rising in San Francisco after he pitched a complete game shutout over the Colorado Rockies. Zito has not done that since 2003, the year after he won the Cy Young award. The 33-year-old pitcher, who has struggled ever since winning the award, credits a change in his delivery for yesterday's success. Giants fans can only wonder if it will last.
An ABC News story about a 10-year-old Colombian girl giving birth to a healthy baby girl is a hot topic on Yahoo! The unnamed girl from Manaure, a town in the Colombian Department of La Guajira, arrived at the hospital in tears and "enormous pain" from the contractions, according to Univision's Primer Impacto. She delivered her daughter, who weighed 5 pounds, by cesarean section.
The debate over the Buffett rule is heating up on Twitter in advance of President Barack Obama's trip to Florida today to make another pitch to boost taxes on millionaires. The rule is named after billionaire investor Warren Buffett, who supports raising taxes on the wealthy. Most of the top tweets are driven by supporters of the rule, which is expected to face stiff opposition from Republicans in Congress.
A YouTube video is sparking debate - is it a UFO or not? An airplane passenger captured what appears to be a flying saucer over Seoul, South Korea.
Another popular video on YouTube is a young woman getting blown over by the power of jet plane on the beach at Maho Sint Maarten, behind Princess Juliana International Airport. Why would you stand behind a jet plane in the first place?
One of the most shared videos of the day is a dog rescuing a puppy from a pool.
And finally, we have a dog that appears to enjoy spinning on rings.
That's the trend!
Have a great day,