Facebook buys Instagram, Roitfeld’s biannual, Tumi IPO, Youtube fashion, Phillip Lim expands

A mock-up fashion spread in CR by Sebastian Faena | Source: Style.com

Facebook buys Instagram: inflating the new tech bubble? (Telegraph) “Instagram has a significant user base in its own right, of around 30 million registered smartphone owners who have been promised the favourite photo app will retain its own identitiy. But with no particularly unique technology, the cash and stock Mark Zuckerberg will lay down for the firm is eye-popping.” Carine Roitfeld’s Initial Foray (WWD)

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