BREAKING: Facebook Acquires Instagram
Huge news this morning out of Menlo Park. Via his Facebook page, Mark Zuckerberg announced that his soon-to-go-public company has acquired Instagram for roughly $1 billion in combined cash and stock:
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 think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience.
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