Facebook Buys Instagram For $1 Billion, Turns Budding Rival Into Its Standalone Photo App – TechCrunch
Facebook has just finished a deal to acquire mobile photo sharing app Instagram for approximately $1 billion in cash and stock. Instagram will remain an independently branded standalone app that's separate from Facebook, but the services will increase their ties to each other. The transaction shoul…
9 Apr 2012 ... Facebook Buys Instagram For $1 Billion, Turns Budding Rival Into Its Standalone Photo App. Contributor Invalid DateTime•.