God, it's annoying about Instagram. You pay them that monthly fee and then take all those brilliant photos of pieces of cheese and share them with your friends, and then, yesterday, you get hit with it: they're going to sell your pictures on to advertisers without giving you a penny or asking your permission. The cheek of it is astounding. The worst of it is: you can't escape. Once you're an Instagram user, there is simply no way to protect yourself from this cynical, greedy move by Facebook, a company that used only to be interested in making the world better through social networking.

There is in fact no such thing as a fundamental human right to awesome retro filters on Instagram. Surprising, I know

Almost one million school children aged five to 16 think rapper Professor Green is a scientist, according to research.

Facebook now has one billion users, the equivalent of about one in seven of the world's population, its founder announced yesterday.

Facebook continues staggering growth amid falling share prices and continued concern over profitability

George Soros, the legendary investor, has spent more than $10m (£6.3m) acquiring a stake in Facebook, signalling a rare vote of confidence in the social-networking site after its troubled flotation in May.

Facebook shares slid below $30 to a new low yesterday as nervous investors fled the company's shares, concerned about the social network's long-term growth prospects and an initial offering price that in retrospect may have been too rich.

Investors sue the social networking site, claiming its prospectus for stock listing was misleading

After the triumphalist scenes at Facebook's headquarters when it floated last week, the company probably deserves the outpouring of derision that accompanied its share price plunge yesterday, which at one point had wiped $15bn off the value of the company ($15bn is equal to about one Yahoo).

Facebook's first public investors sent its value to $105bn in New York yesterday but there was disappointment that the shares failed to go much higher than their opening price of $38.

Facebook is officially the biggest internet flotation of all time, after the social network priced its shares last night at the top of its expected range and set a value for the company of $104bn (£66bn).

As Obama plans taxes on super-rich, Eduardo Saverin applies to give up citizenship

In 1994, the KLF, one of the more cerebral pop outfits of the Nineties, took the proceeds of their many No 1 hits, piled the cash high in an abandoned boathouse on a Scottish island, and set fire to it.