What Tumblr’s sale means for New York startup ecosystem

The New York startup ecosystem will get a big boost from the $1.1 billion sale of Tumblr to Yahoo. The exit, one of the biggest New York has seen, shows that with content becoming important, New York is finding its footing on the startup stage.

Instagram hits major milestone of 100 million monthly active users

Instagram announced Tuesday that it’s now hit 100 million monthly active users, a stat that puts it just behind Google+ and Twitter and shows that it hasn’t lost momentum even after a terms of service debate that left some people threatening to quit.