Snapchat turns down $3bn bid from Facebook
Snapchat, the image messaging company, turned down a potential $3bn (£1.9bn) acquisition bid from Facebook, according to the Wall Street Journal.
According to reports, Snapchat is being pursued by a number of companies, including Tencent, a Chinese e-commerce company.
Snapchat was created in 2011 by Evan Spiegel and claims that it has over 5 million active daily users and more than 350 million images are sent between mobile devices every day using the app.
In June 2012, Snapchat raised more than $60m from investors which valued the company at more than $800m.
Motorola unveils budget smartphone
Motorola has unveiled its latest smartphone, the Moto G, which is the first to be released since the company became owned by Google.
The new model is set to retail at around £135, making it one of the cheapest smartphones created.
The Moto G has a 4.5in high-definition screen and 1GB of RAM. It runs Android 4.3 "Jelly Bean" and has a 1.2GHz quad-core processor.
The phone is available in an array of bright colours and features 5-megapixel and 1.3-megapixel cameras with 8GB or 16GB of storage.
The phone is available to purchase in the UK now.
Facebook protects users against Adobe security breach
Facebook has acted to protect its users that may have had their passwords stolen in the recent Adobe hack attack.
The website is now asking users its suspects have been hacked to answer security questions before allowing them to log onto the website.
In October it emerged that details had been stolen from at least 38 million Adobe accounts in a hack attack.
A spokeswoman for Adobe said: "Adobe welcomes the initiative taken by Facebook and other service providers to reset user passwords as a precaution in an effort to help protect our mutual customers."
