IT News Thread, Facebook buys Instagram photo sharing network in Other News; BBC News - Facebook buys Instagram photo sharing network for $1bn
Facebook has announced it is to buy Instagram - ...
9th April 2012, 06:43 PM #1
Facebook buys Instagram photo sharing network
BBC News - Facebook buys Instagram photo sharing network for $1bn
Instagram - Instagram + Facebook
Facebook has announced it is to buy Instagram - the popular photo-sharing smartphone app.
Facebook is paying $1bn (£629m) in cash and stock for the takeover.
Instagram was only launched in October 2010 - initially just for the iPhone before being offered as an Android app last week.
Facebook's chief executive Mark Zuckerberg has pledged to continue to develop Instagram as a separate brand, allowing it to post to rival networks.
18th December 2012, 01:30 PM #2
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