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10 Things You Need To Know This Morning (FB, AAPL, MSFT, GOOG, AMZN, BBY, ZNGA)

Good morning! Here's the news: Apple is giving away Snow Leopard for free. A special liquid coating can protect your phone from water damage. Facebook wants to hit the NASDAQ on May 17th. Facebook actually paid $1.23 billion for Instagram. While Google's ad rates are dropping, Facebook can't keep up with demand. Twitter's anti-patent pledge is bogus. These guys are making over $1,000 a day on Windows Phone games.
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