This week, President Obama wins another four years — what tech aided to win him the election, and what can we look forward to from his tech agenda?, Frankenstorm Sandy gives Instagram growing pains, Microsoft‘s rumored XBOX tablet, and how can we not geek out over the Disney‘s purchase of Lucasfilm?

This week The Drill Down team takes a look at the battle for your online distributed data, with new features on cloud storage services from Microsoft, Dropbox, and Google. Then, it’s sci-fi billionaires in space!!! as Google’s Larry Page, Eric Schmidt, and director James Cameron launch into a new venture to mine asteroids.

But first, the headlines… Nokia‘s down 30% with a $1.7 BN loss, Anonymous launches a social music service, Facebook pays Microsoft $550 M for former AOL patents, Adobe announces Creative Suite 6 (and subscription-based licenses), and Facebook announces its staggering Q1 financials, including details on its Instagram purchase.

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.

This week, The Drill Down team takes a look at April Fools’ Day on the web, Apple‘s upcoming revolutionary TV vs. existing console-based options, and further bad times for Yahoo, as Facebook strikes back, but first, this week’s hot tech headlines.

Instagram comes to Android, details on Sony‘s next-generation Playstation, Ashton Kutcher to play Steve Jobs, Apple addresses worker violations at Foxconn, an iPhone stalker app raises privacy concerns on Facebook, Amazon wins sales tax fight in Colorado, Google to sell tablets online, Google tests augmented reality goggles, and OMGPop‘s CEO gets catty.

This week, on Episode 226 of The Drill Down podcast, Devindra, Dwayne, and Andy talk about a controversial new lawsuit that pits Yahoo! against Facebook and a new suggested code for sharing content on the Internet.

But first, the headlines…iPad preorders are through the roof, Instagram teases an Android app, Gowalla shuts down, Microsoft tests a super-fast touchscreen, former Facebook director becomes Reddit CEO, CNN to purchase Mashable, Twitter buys Posterous, and the Encyclopedia Britannica stops publishing.