April 9, 2012: Facebook Purchased Instagram, 1998:Seiko Debuts Ruputer

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April 9, 2012: Facebook buys Instagram

2012 – Facebook – trying to get a hold on photosharing – decides to not wait for their iPhone app to come out but instead purchase Instagram for 1 billion dollars ($300 million and 23 million shares of Facebook stock). The reason Facebook made the purchase was for the close to 50 million Instagram users. Facebook had plans to keep both companies separate, but found later that joining the two via databases would help both companies grow.  The companies finalized the deal on September 6, 2012.

1998 – Seiko Instruments introduces the world’s first wrist wearable Personal Computer called the Ruputer. This wristwatch was planned to be released June 10, 1998 and cost $285. The Ruputer featured a 16-bit, 3.6 MHz processor and 2 MB of non-volatile storage memory, 128 KB of main memory, a full graphic display, and a small joystick.The Ruputer connects to Windows 95 via infrared, and can download pictures and other simple data. The Ruputer came with three applications. The watch also had an SDK, so you could program in the C programming language.

Seiko discontinued the Ruputer for the OnHand PC.

Wikazine – Full Day in Tech History podcast show notes for April 9

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