Facebook Buys Instagram

Facebook PR:

Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.

The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.

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Drafts: Capture and Share

Drafts is a new iPhone app that makes capturing and sharing text super easy and super fast.

I like to think of it Launch Center for words. It’s the smartest, most flexible note app I’ve used yet on iOS.

It can send text to Twitter using iOS 5’s built-in account tools. Drafts can also send text directly to Tweetbot, opening the “New Tweet” sheet.

The handy word and character count is great for this usage.

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