Facebook likes Instagram. That's the top of our business news.
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INSKEEP: And they did more than just click the little thumbs up. Facebook is buying the photo application Instagram and the price is higher than it has ever paid for an acquisition - $1 billion; this for a company with only around a dozen employees. As somebody joked yesterday, why didn't they just download it?
As NPR's Laura Sydell reports, some analysts say the purchase is a defensive move.
Jack Tramiel, the man behind the Commodore 64 computer, died Sunday, according to reports. Tramiel, who was 83, came to America after World War II. He was a survivor of the Auschwitz concentration camp in his native Poland.
Update: This post has been updated to reflect Tramiel's liberation from the Ahlem work camp, after his time in Auschwitz.
A photo illustration shows the photo-sharing app Instagram's fan page on Facebook's website. Facebook is acquiring Instagram for some $1 billion.
Credit Justin Sullivan / Getty Images
Facebook's decision to acquire Instagram for $1 billion set off strong reactions among Instagram users Monday, when the deal was announced. And if any users of Instagram's photo-sharing service were in love with the deal, they seemed to be keeping pretty quiet about it.