Posts tagged with 'acquire'
Today, Facebook has agreed to buy photo-sharing site, Instagram, for a reported $1 billion in cash and stock in its biggest purchase to date.
As Facebook have been focused on sharing photos since its inception, this isn't a surprising move but it may have been unexpected for those who use Instagram as a separate service. At the moment, according to Facebook CEO, Mark Zuckerberg, the Instagram community shouldn't be worried as it will remain its own separate entity.
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by Heather Taylor
09 April 2012 19:33pm
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