Welcome to ATD: The Very Social Mike Isaac

A new reporter to cover social, while a current one looks hard at what it takes to innovate and more.
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Clicking on a Fortune: Facebook to Acquire Photo-Sharing Start-Up Instagram for $1 Billion

A blockbuster exit for the popular and elegant mobile photo-sharing service.
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UrbanSitter’s Social Babysitting Service Granted $1.75 Million in Allowance

UrbanSitter, which may become a high-tech version of “The Baby-Sitters Club,” now has a bigger allowance with which to operate.
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Google Will Pay Mozilla Almost $300M Per Year in Search Deal, Besting Microsoft and Yahoo

The search giant will pony up close to $1 billion to hipcheck Microsoft’s Bing from the pole position on the Firefox browser.
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Former Color Co-Founder Peter Pham Heads to Former Myspace CEO’s L.A. Tech Studio (Video)

The well-known Silicon Valley entrepreneur joins Mike Jones at Science.
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Viral Video: Liz Gannes May (or May Not) See Hubski Now!

Nice try, Steve Clausnitzer!
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From Cradle to, Well, You Know: The Creepy Factor of Facebook’s Timeline

Even though the social networking site wants to host “The Story of Your Life,” maybe who we were is not, in the end, who we really are.
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Apple iPad News Reader Zite Sold to CNN for Just Over $20 Million

Zite, the magazine-style reading app for the Apple iPad, has been sold to news giant CNN for $20 million to $25 million.
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Accounting for the Actions of the Winklevii and Virtual Goods Are Both Difficult to Do (Video)

On Friday’s digits, AllThingsD’s Liz Gannes and I discussed two difficult subjects both having to do with Facebook: Why the Winklevii won’t give up on suing the company and why it’s so difficult to account for virtual goods inside social games.
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Headless Lawsuit in Topless Blog!

On some level of journalism, I guess anything could happen. But does that mean it should? Some sensational stories in tech of late have led to some even more sensational reporting.

Posterous Goes Bare: Shows Us All Its Stats

1000Memories Funded by Greylock, Angels