Check out the top SEO, search engine and Internet marketing industry news stories from around the Web this week.

Facebook Buys Instagram for $1 Billion
Facebook CEO Mark Zuckerberg just announced that Facebook bought photo sharing application, Instagram, for $1 billion. The company plans to bring the 8-person staff of Instagram to Facebook so they can work together to keep improving on the photo sharing ability of both popular social networks.

Google Ads Adds Zip Code Targeting, Location Insertion; Updates Location Targeting
Google recently announced new features in Google Ads that will help users create ads that are more relevant to local customers.

Yahoo Confirms 2,000 Employees Getting the Axe
Yahoo recently stated that it plans to restructure and lay off 2,000 employees. The company currently has 14,000 employees and has not yet stated which departments the layoffs will occur.

Pinterest Now 3rd Most Popular Social Network
According to a recent study by Experian, Pinterest is now the 3rd most popular social network. The network attracted 21.5 million visits in one week in January, which is almost 30 times the total number of visits six months prior. This now gives Pinterest a larger audience than LinkedIn.

Google Analytics is Making its Way to Google+
According to Marketingland, slides from an official Google deck that show how to connect a Google+ page with Google Analytics have been leaked.