On Wednesday December 7th, Instagram co-founder Kevin Systrom broke exciting news during a LeWeb conference: 15 million iPhone users were now subscribers to the photo sharing app.

FORBES: Best of 2011: My 5 Favorite Startups

When two co-workers and I started joking about how broke we were, I realized that we were in similar straits.

FORBES: I Paid Off $35,000 In Debt With The 'Money Lunch'

News broke today that 25-year old chief scientist and LightSail co-founder Danielle Fong closed Series D funding with investors including Peter Thiel, Vinod Khosla and Bill Gates.

FORBES: Connect

Facebook co-founder Eduardo Saverin renounced his United States citizenship in 2011, news of which broke days before the company's IPO and drew accusations of tax evasion.

FORBES: Eduardo Saverin

The father-of-two's Facebook comments were not visible to the general public, and were posted outside work time, but the trust argued he broke its code of conduct by expressing religious or political views which might upset co-workers.

BBC: Facebook gay wedding comment man wins demotion case