Tuesday, April 10, 2012

Facebook Buys Instagram For $1 Billion

Facebook yesterday announces to be purchasing the photo-social-sharing company Instagram for a total worth of $1 billion.
That sums up to be the biggest acquisition to date for Facebook. The news comes after Instagram releases the app for Android version recently. In terms of users, it should grow significantly with the addition of Android users. Instagram was voted the best Apple app in 2011.

Source: Instagram

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