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Silicon success hits Instagram as Facebook shells out $1 billion to buy it
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 million users. more »
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Facebook Buying Instagram Makes Perfect Sense
Mark Zuckerberg announced this morning that Facebook has "agreed to acquire" Instagram for a cool $1 billion. The tiny team that took over the mobile world will now work at Facebook. Instagram launched on Android last week, much to ... Read Post
Zuckerberg On Instagram (Now 100M Users Strong): “No Agenda” Except Supporting App’s Growth
Facebook CEO Mark Zuckerberg said the social network is focused on supporting Instagram's growth, following the close of a roughly $750 million deal to buy the photo-sharing app. Instagram is the most unusual acquisition in Facebook... Read Post
Facebook Buys Instagram For $1 Billion. Smart Arbitrage.
Facebook is buying Instagram, according to this post today from Mark Zuckerberg. The purchase price of $1 billion will be paid in cash and Facebook shares. From the blog post: This is an important milestone for Facebook because it... Read Post