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.

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