10 Things You Need To Know This Morning

Kevin Systrom, Instagram

Photo: Owen Thomas, Business Insider

Happy Wednesday, everyone! Here’s the news:

  • Instagram co-founder Kevin Systrom apologized for confusion over the app’s new terms of service. He said the company will not sell your photos to advertisers.
  • By the way, if you really read Instagram’s terms of service, you can see the company never wanted to sell your photos.
  • Mark Zuckerberg donated 18 million Facebook shares (almost $500 million worth) to a philanthropic organisation called the Silicon Valley Community foundation. The money will be used for health and education.
  • Oracle beat earnings expectations yesterday, reporting $9.1 billion in revenue.
  • Twitter now has 200 million active users.
  • Video ads could be coming to your Facebook News Feed.
  • A Brazilian company owns the rights to the “IPHONE” trademark and it made a device that runs Android.
  • Did you know 84% of Kickstarter’s top projects ship late?
  • Google Music added a “scan and match” feature similar to Apple’s iTunes Match, except it’s free.
  • Nokia is reportedly working on its own Windows Tablet.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.