Posts Tagged ‘Instagram’

Facebook buys Instagram for $1bn

Tuesday, April 10, 2012 23:00 No Comments

Facebook is acquiring Instagram for $1 billion, and Instagram’s team will be joining Facebook. Mark Zuckerberg announced the deal in a Facebook post: “I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook,” said Mark Zuckerberg, Facebook CEO, on the Facebook blog on the shock announcement on Easter Monday. The deal, which is subject to the usual authority approvals in the US, shouldn’t affect Instagram’s independence, according to Zuckerberg: “We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping an

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