Facebook Buys Instagram For $1 Billion

By - Monday, April 9th, 2012

{image-1} Today it was announced that Facebook has acquired Instagram, the popular and growing photo-sharing application/social network for about $1 billion dollars. It was only about a week ago that Android released Instagram which sparked 1 million new users in under 24 hours. Although this $1 billion purchase is a huge business move, it still seems that Instagram’s young company will remain independent as a photo-sharing service. {image-2} Text: Jude Liana

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