09 Apr

Facebook Buys Instagram For $1 Billion

mark zuckerberg

 

Facebook has acquired the most popular photography application, Instagram for approximately $1 billion in a combination of cash & shares.

The news was first shared by Mark Zuckerberg on his Facebook wall. Here’s what he has written:

mark zuckerberg

facebook buys instagram

Instagram has more than 27 million iPhone users and recently it was launched on Android platform. Within 12 hours of its Android launch, the app crossed 1 million Android users mark.
Now it would be interesting to see how Facebook would integrate Instagram on its network as Facebook was trying to acquire Instagram for a very long time.

What do you think of this acquisition — and how it will help Facebook?
Let us know your thoughts in the comments.

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