Today in Tech: Is Instagram worth $500 million?

March 9, 2012: 1:53 AM ET

Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.

Instagram CEO Kevin Systrom.

* Popular photo-sharing app Instagram may soon raise a new round of funding valuing the startup at up to $500 million. (The Wall Street Journal)

* A profile of Hector Xavier Monsegur, aka "Sabu." The online figure led a group of "hacktivists," and then when caught, contributed to their capture by becoming a federal informant. (The New York Times)

Pinterest now drives more web traffic to pages than Twitter, joining the ranks of StumbleUpon, Google (GOOG), and Facebook. (Silicon Filter)

* Reddit has a new CEO in Yishan Wong, who has previously served as Facebook's Director of Engineering and a PayPal Engineering Manager. (VentureBeat)

* News app Pulse has partnered with companies like Patch, Groupon and LivingSocial to bring local news and deals to readers by way of a new section within the app, appropriately dubbed Pulse Local. (Pulse)

Don't miss the latest tech news. Sign up now to get Today in Tech emailed every morning.

Join the Conversation
About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

JP Mangalindan is a San Francisco-based writer at Fortune, covering Silicon Valley. Since joining in 2010, he has written on a wide array of topics, from the turnaround of eBay to the evolution of net neutrality. A graduate of Fordham University, Mangalindan has also written for GQ, Popular Science, and Entertainment Weekly.

Email JP
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.