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Facebook launches iPhone camera app

The new app is similar to Instagram, the photo-sharing app Facebook is in the process of buying for $1 billion. The acquisition, however, has not yet been completed, and Instagram's employees did not work on the Facebook app. Facebook has said it expects the Instagram app to close sometime this year.

Zynga Purchases "Draw Something" Makers OMGPOP for $180 Million

“OMG! A big Zynga group hug to OMGPOP, talented creators of Draw Something,” tweeted social games titan Zynga Wednesday. Apparently, in this universe, a “big Zynga group hug” translates to $180 million, the price that All Things D claims Zynga paid to acquire the makers of the most popular mobile Facebook app.

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