This week, The Drill Down team discusses Facebook‘s one billion dollar purchase of mobile phone startup Instagram, and whether or not that portends another tech bubble; plus, Is the age of cheap, subsidized cellphones over? But first let’s look at this week’s tech headlines…

Commodore founder Jack Tramiel dies, Apple patches a trojan affecting 600K Macs, US DOJ sues Apple & e-book publishers for price fixing, the FCC‘s plan to track your lost cellphone, Microsoft pays $1 BN for AOL patents, Nokia launches the Lumia 900, Netflix forms a PAC, and Google Plus gets a makeover.

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• Computer Legend and Gaming Pioneer Jack Tramiel Dies at Age 83
• Apple patches Flashback trojan affecting 600,000 Macs globally
• U.S. Files Antitrust Lawsuit Against Apple, Hachette, others
• DOJ Announces Terms of Settlement With 3 Publishers in E-Book Lawsuit
• Lost Your Phone? The Government Wants to Find it For You
• Microsoft to pay $1 billion for rights to entire AOL patent portfolio
• Nokia Drops the Lumia 900 to fanfare in Times Square
• Wildly Popular: The Lumia 900 Becomes Amazon’s Best Selling Phone, Topping The RAZR MAXX And Galaxy Nexus
• Immediate Problems and Immediate Support
• Notices Glitch, Gives $100 credit
• Nokia giving away Lumia 900 for free until April 21 due to data bug
• Netflix powers up PAC to boost Washington profile
• No, Netflix Has NOT Formed A Pro-SOPA SuperPAC
• Google Plus Gets a Makeover

Audible Book of the Week

• Shadow of the Titanic: The Extraordinary Stories of those Who Survived by Andrew Wilson
• Movie Review: Titanic (3D)

Musical Interlude #1

Hot Topic

• Facebook to Buy Instagram for $1 Billion in Cash, Stock
• Why Facebook bought Instagram for $1 billion in cash and stock
• Instagram and Facebook: the next tech bubble?

Musical Interlude #2

Final Word

• The Age of Cheap Cell Phones is Over? (Are we seeing a movement here?)
• T-Mobile Exec: The Era of Cheap Cell Phones Should End (March 2012)
• T-Mobile to give unlocked iPhones HSPA+ speeds this year (April 2012)
• AT&T to unlock all out-of contract iPhones this year (April 2012)
• Apple stock downgraded to reflect worries that mobile carriers will stunt subsidized upgrades (April 2012)
• Verizon Wireless Announces $30 Upgrade Fee

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Geeks Of Doom’s The Drill Down is a roundtable-style audio podcast where we discuss the most important issues of the week, in tech and on the web and how they affect us all.

Hosts are Geeks of Doom contributor Andrew Sorcini (Mr. BabyMan), VentureBeat editor Devindra Hardawar, marketing research analyst Dwayne De Freitas, and Startup Digest CTO Christopher Burnor. Occasionally joining them is Techmeme editor Lidija Davis.