Facebook likes Instagram. That's the top of our business news.
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INSKEEP: And they did more than just click the little thumbs up. Facebook is buying the photo application Instagram and the price is higher than it has ever paid for an acquisition - $1 billion; this for a company with only around a dozen employees. As somebody joked yesterday, why didn't they just download it?
As NPR's Laura Sydell reports, some analysts say the purchase is a defensive move.
Moving on to another billion dollar tech deal, Microsoft has agreed to pay AOL over $1 billion for hundreds of patents. Microsoft outbid several rivals, including Amazon and eBay, in a deal which saw AOL's stock price jump by over 40 percent. The over 800 patents include internet search, email and customized advertising and are seen as a push by Microsoft into the lucrative smartphone and tablet market.
Police are still investigating whether the Tulsa shootings were racially motivated. We do know some of Tulsa's history. It has a difficult history of race relations, including a riot in 1921 that left scores, if not hundreds, of people dead.
Scott Ellsworth has studied that event closely. He's a Tulsa native who now teaches African-American history at the University of Michigan. He's on the line from Michigan Radio.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
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And I'm Renee Montagne.
We're going to spend this part of the program in Tulsa, Oklahoma, where a deadly shooting spree in a black neighborhood has revived memories of a long-ago race riot.
INSKEEP: First, we have an update on the news here. Police in Tulsa confirm that the two men accused of shooting five black people, and killing three, confessed shortly after they were arrested on Sunday.