Facebook Buys Instagram For $1Billion

Facebook has acquired the popular photo-sharing application “Instagram” for about $1 billion in cash and stock on Monday. The company’s CEO, Mark Zuckerberg plans to build Instragram independently from the social network. Social users would also be allowed to post on other networks like twitter & co

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Posted on April 9, 2012, in News and tagged , . Bookmark the permalink. Leave a comment.

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