#4 Facebook buys Instagram

One of the biggest technology acquisitions of the year, Facebook’s Instagram buyout, interestingly was under the watchful eyes of tech fans in India.   The social network had spent a whopping $1 billion to acquire the company, a process which got applause and criticism at the same time. With the changes in its privacy policies, Instagram recently is in topics with users threatening to abandon the product.

Read: Instagram Acquisition: 3 Lessons for Any Startup

#3 Facebook IPO

Facebook’s historical IPO fiasco suppressed the hunger of tech followers in India for a long time, as it was one of the best tech stories that trended in the country according to Yahoo, for the first phase of 2012. The social network, which set out on a dream journey, had crumbled on its IPO day, inviting criticism from all around the globe and even getting sued by investors.

Read: 7 Real Reasons Why Facebook Headed Directly Into A "Public" Disaster