Wednesday, May 2, 2012

Facebook buys Instagram for $1 billion

Facebook on Monday acquired its enormously popular applicationInstagram for 1 billion dollars, a combination of value 'chash' andshares.
The head of Facebook Mark Zuckerberg announced the acquisition, on Monday via a post in his Timeline-n.
The acquisition is expected to close today by bringing staff of ninepeople available to social network Facebook.
"For years we concentrated on building a better experience for the distribution of photos of you and your family and friends,"Zuckerberg said in his post. "Now we will be able to work closelywith staff of Instagram, which also offers amazing experiences forsharing your pictures with people with similar interests, via mobile."
Instagram was published for the first time the platform iOS, in October 2010 and subsequently in the version for Android mobile phones. The application had a great popullatitet and today countsabout 30 million users. "We do not plan to change many of the app,maybe nothing," said Zuckerberg. "But by providing users a betterexperience for the distribution of photographs, one reason why so many people love Facebook, thought it would be worth trying to unifyboth these companies."

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