With the recent purchase of Instagram by Facebook for a cool $1 billion dollars, the tech world has once again proven that despite any recessions, there is still money in the tech/smart economy.  

'CloudFlare' - which is a San Francisco based startup is also reported to be in talks to raise funding which would increase their valuation to a cool $1 billion dollars.  This is being reported by multiple sources close to the discussions.  

Cloudflare itself provides protection for websites from threats to their security along with increasing how quickly their websites loads.  

On Monday, Facebook announced that it is creeping even closer to a staggering 1 billion members. 

The company now has 901 monthly active users, with 526 million being described as daily active users in the month of March.  

488 million also used Facebook mobile services in March. 

Interestingly enough, Twitter is beginning (slowly but surely) to catch up on Facebook with a reported 500 million users in February of this year.  However, of this 500, only roughly 140 million accounts are active.  

So who's got the champagne for the 1 billionth user?