Zuckerberg: Facebook will generate ‘a lot of profit’ from Instagram, ads will come ‘when the right time comes’

“During his company’s quarterly earnings call today, Facebook co-founder and CEO Mark Zuckerberg discussed how Instagram could one day be monetized. The answer isn’t too surprising: the expectation is for the app to one day turn a profit, and advertising will be the name of the game.”

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Facebook now has 1.15 billion monthly active users and 699 million daily active users

“In its second quarter earnings results, Facebook revealed that it now has over 1.15 billion monthly active users, 819 million mobile monthly active users and 699 million daily active users.”

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Sources: Apple wants Samsung to pay $30-$40 per device to settle patent dispute

“The patent war between Apple and Samsung has entered a calmer phase, as the two largest smartphone makers in the world are reportedly trying to settle their lengthy patent dispute.”

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How To: Update Your 2012 Nexus 7 To Android 4.3 (JWR66V) And Root It Right Now

“Note: This is an adaptation of my Nexus 4 update/root post, so it has some duplicate content, but all the instructions are specific to the Nexus 7. Android 4.3 was officially unveiled and released yesterday to the Android Open Source Project.”

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Top 5 Features in Android 4.3 Jelly Bean

“1) Support for Restricted Profiles: you can keep junior out of your, ah, questionable apps or Web sites. Technically, it means that you can set up separate environments for each user with fine-grained restrictions in the apps that are available in those environments.”

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Ubuntu Edge pricing drops to $625 minimum on Indiegogo after initial sellout

“So far, it seems that Canonical’s $32 million Ubuntu Edge smartphone Indiegogo campaign has been a roaring success, having raised over $3.5 million in about 40 hours. But after selling out all 5,000 units in the lowest $600 pricing tier, Canonical has added three new pledge levels.”

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Google Fiber deal officially closes for Provo, Utah

“After an announcement in April that Provo, Utah would be the third city to receive Google Fiber, Google’s gigabit internet and television service, the mayor of Provo has announced that an agreement has been reached between Google and the city.”

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Verizon Makes Full Page Ad In Response To AT&T Claiming Its Network Is More Reliable

“While Verizon has often focused most of its company’s advertising efforts around being “reliable” and AT&T has focused most of its marketing around being “fast”, this changed last week when AT&T began to push the claim that it was in fact America’s true most reliable network.”

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New T-Mobile Ad Argues AT&T’s Upgrade Program Is “Calculating,” “Sneaky” and “Underhanded”

“T-Mobile is continuing its argument that AT&T’s early upgrade program represents a raw deal for customers. In a new print ad set to run Tuesday in USA Today, T-Mobile lashes out at AT&T’s Next program, which T-Mobile argues is just a way for the carrier to make even more money.”

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AT&T Launching 300MB And 2GB Mobile Share Tiers, Available July 26th

“Everyone held out hope that when carriers started offering shared data allowances, it would actually be a good deal. Oh, how naïve we were. The plans on AT&T proved to be a little pricey, especially for those who only needed a little data.”

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