Yes you heard right, Facebook has bought Instagram for $1 Billion! Instagram is a very popular photography app-maker that many people use including myself. Facebook Co-Founder and CEO Mark Zuckerberg announced the acquisition in a blog post today:
"For years, we've focused on building the best experience for sharing photos with your friends and family. Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.
We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram's strengths and features rather than just trying to integrate everything into Facebook.
That's why we're committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people."Apple also named Instagram the iPhone app of the year in 2011.
You can get Instagram here via the App Store Here
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