Facebook Won't Spend Much Bread on Hot Potato

Another “buy them instead of hiring them” deal: Facebook is about to pick up Hot Potato, a start-up that specializes in organizing chats about “real time” events. The transaction hasn’t closed yet, but the social network is set to pay something in the $10 million to $15 million range for the company, people familiar with the deal tell me. That will mean a modest return for the investor consortium that put $1.4 million into the firm last year, but it will still be a return.

The New York Times Explains Twitter…to the New York Times

Still trying to get your head around Twitter? Don’t worry–everyone else is, too: Here are two internal presentations that the New York Times’s tech team made in the last year that try to explain just exactly what the messaging service is and why you’d want to use it.