Saturday, April 14, 2012

Facebook buys Instagram for a Billion Dollars


Facebook on April 14th at 7:07 AM bought the mobile photo sharing network Instagram.  They paid over 1 billion dollars for this acquisition.  They bought Instagram because Instagram’s members ever day snap and share millions of photos every day.  Facebook along with the new money they will get from this new technology will also get more members.  This company will help Facebook a lot.
What do you think about the acquisition of Instagram?
Is Instagram worth a billion dollars?
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