Facebook buys Instagram photo sharing network

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

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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.

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Instagram - Instagram + Facebook

BBC News - Instagram wants right to sell users' photos to advertisers