Facebook acquires Instagram for $1billion

[testmeme]

Mark Zuckerberg C.E.O, FacebookI'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook.

With those words Mark Zuckerberg, C.E.O of Facebook today, MonDay, April 9, 2012 announced the acquisition of the popular photo-sharing application Instagram for an amazing $1b (One Billion Dollars).

Both companies have however expressed their commitment to run Instagram as an independent service. Instagram was founded two years ago by Kevin Systrom and Mike Krieger.

For years, we've focused on building the best experience for sharing photos with your friends and family', Zuckerberg wrote on his Facebook wall. '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'.

The announcement comes as Facebook prepares for its highly anticipated initial public offering, widely expected to take place next month.

Source

[sylvelity009]

Great news....
Facebook is get more bigger and bigger..

[charlly007]

That is a great news from Facebook.I love to see the company get bigger than Google.The new development will surely make sharing photos with friends a lot much more fun.

[sylvelity009]

@charlly007,
you want to see them get bigger than google... Hmmm i doubt ooo Google is a bigger player in the internet world, Maybe they will get bigger than yahoo not google.