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Facebook signs massive deals to produce live video, Instagram reaches 500 million monthly users, and more news.

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Facebook
Has signed nearly 140 contracts with celebrities and media totalling $50 million to produce live video. Partners include Buzzfeed, CNN or The New York Times and people like comedian Kevin Hart and chef Gordon Ramsay.

Drones
The FAA has issued new rules allowing drone use in farming, filmmaking or research. But Amazon or FedEx still can't use them to deliver your package.

Tesla
Offered to buy SolarCity in a stock deal with $2.8 billion. Tesla CEO Elon Musk is also chairman of SolarCity, which was founded by his cousins.

Instagram
Has reached 500 million monthly active users. It joins a tiny club with parent company Facebook, sister apps Messenger and Whatsapp, and China's WeChat.

Quote of the Day:
“I have always liked him. But karma is a bitch.” - Rahul Yadav, ousted founder of Housing.com, about Nikesh Arora, who just quit as president of SoftBank

Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Isabelle Roughol
Art: Jacqueline Zaccor
Producer: Florencia Iriondo

Published in: Technology
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