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    Facebook buys Instagram photo sharing network

    BBC News - Facebook buys Instagram photo sharing network for $1bn

    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.
    Instagram - Instagram + Facebook

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