Post Profile






Facebook Buying Instagram For $1 Billion

Writing in (where else) a status update from Palo Alto this morning, Facebook CEO Mark Zuckerberg announced his company has agreed to purchase San Francisco-based social photography app Instagram for a reported $1 billion in cash and stock. According to Zuckerberg's press release, the wildly popular iPhone app, which recently caused a stir with an Android version, won't simply be lumped in with the rest of Facebook's services, but will continue to be developed as an independent product.
read more

share
See more about: Mark Zuckerberg

Related Posts


Mark Zuckerberg Is Annoying His Neighbors With The Fortress-Like Home He's Building In San Francisco

Technology / Technology Industry News : Silicon Alley Insider (6 months ago)

Facebook CEO Mark Zuckerberg is already being sued over his purchase of four adjacent homes in Palo Alto. But now it's his second home, a fixer-upper in the Dolores Heights neighborhood of San Francisco, that's causing some tension ...

Facebook Acquires Hipster-Favorite Instagram For $1 Billion

News : Mediaite (3 years ago)

On Monday, Facebook CEO Mark Zuckerberg Facebook Updates Its Android and iPhone Apps

Technology : ReadWriteWeb (4 years ago)

At Facebook's Mobile Event this morning in Palo Alto, Mark Zuckerberg announced that among the various location- and mobile-oriented updates the company was making today, that updates to its Android and iPhone apps are now available...

Silicon success hits Instagram as Facebook shells out $1 billion to buy it

Technology : Techi.com (3 years ago)

It's a sign of the times. Mark Zuckerberg announced that Facebook has purchased photo app Instagram for $1 billion. The 13-person team at Instagram has not been able to generate revenue but was able to build a strong base of 30 mill...

Instagram 2.5 For iOS Debuts First Major Upgrade Since Facebook Acquisition

Technology : The Inquisitr - Tech (3 years ago)

Instagram on Tuesday announced iOS version 2.5, the first major upgrade to the social picture sharing platform since the company was purchased by Facebook CEO Mark Zuckerberg for $1 billion in April 2012. The new update includes som...

Comments



Copyright © 2015 Regator, LLC