Summary:

Some of the stories people are talking about this morning: Here is why Facebook bought Instagram (GigaOM) … GroupM: Global Web Ad Spend Up 16 Percent in 2011 (AdWeek)

Morning Lowdown
photo: Corbis / Patricia Curi

Some of the stories people are talking about this morning.

– Here is why Facebook bought Instagram (GigaOM)

– GroupM: Global Web Ad Spend Up 16 Percent in 2011 (AdWeek)

– Starbucks app has processed 42 million payments since launch (The Verge)

– Carriers Band to Fight Cellphone Theft (Wall Street Journal)

– Armstrong: Billion-dollar patent sale isn’t about breaking up AOL (paidContent)

– Publishing is no longer a job or an industry — it’s a button (GigaOm)

– HBO Go on Xbox 360 now available to Comcast Xfinity subscribers (The Verge)

– Guardian moves into journalism training business (Press Gazette)

– A Newspaper Buying Spree (American Journalism Review)

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