Today in Tech: Is Instagram worth $500 million?March 9, 2012: 1:53 AM ET
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* 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)
* 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)
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