Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Facebook buys Instagram for $1B: Facebook announced Monday it will acquire the popular mobile photo-sharing firm Instagram, a push by the social networking giant to draw more consumers who rely on smartphones and tablets for their digital needs. The deal, Facebook’s largest to date, is worth around $1 billion in cash and shares.
Ceiling maker wins Ex-Im award: Ceilings Plus, a California-based manufacturer and installer of high-quality aluminum and wood ceilings and wall panels, will receive the Small Business Exporter of the Year award from the U.S. Export-Import Bank. The award will be presented at the Bank’s 37th Annual Conference later this week in Washington.
Microsoft-AOL deal evidence of desperate scramble:AOL’s $1 billion deal to sell and license patents to Microsoft is another in a series of “Antiques Roadshow” moments in the technology world. Faded companies have been rummaging through their assets recently, according to a new report, and some of them have found musty old patents that turn out to be worth a great deal.
Keep an eye ‘on’:
Craft beer market brewing in Washington: Small brewers enjoyed a 14 percent increase in sales last year, even as overall beer sales fell by 1.3 percent, according to a trade group report released last week. In the nation’s capital, 2011 brought new brands like D.C Brau. Brewing Co., 3 Stars, Chocolate City Beer, Port City Brewing Co., reflecting a shift in consumer tastes toward local, artisan products, analysts say.
Helpful advice ‘on’:
How to meausre your social media impact (OSB)
How to find promising sales leads (Entrepreneur)
How to know when to hire a sales team (Inc.)
How to put your business on autopilot (Open Forum)