Sunday, April 15, 2012

Facebook Bought Instagram


Facebook bought Instagram several days ago for about $1 Billion. 
Facebook CEO Mark Zuckerberg announced about this in a post on his Facebook Timeline and Blog. 
Mark said 
"For years, we’ve focused on building the best experience for sharing photos with your friendsand family, Now, we’ll be able to work even more closely with the Instagram team to also offer thebest experiences for sharing beautiful mobile photos with people based on your interests. This is animportant milestone for Facebook because it’s the first time we’ve ever acquired a product andcompany with so many users. We don’t plan on doing many more of these, if any at all. Butproviding the best photo sharing experience is one reason why so many people love Facebookand we knew it would be worth bringing these two companies together."

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