Greg Street Exclusive: Facebook Buys Instagram!
If you’ve been under a rock for the past few months, you may have missed it! Instagram came out of nowhere though it has been around since 2010. But now the net is on fire with the announcement that came yesterday! It has now partnered with Facebook! How much was it bought for?
Instagram is a free photo sharing program that allows users to take a photo, apply a digital filter to it, and then share it on a variety of social networking services, including Instagram’s own. Just last week Instagram sent twitter into a whirlwind when it announced it was no longer exclusive to just Apple products- it had now opened to Android users! But it gets better!
Facebook’s Mark Zuckerberg has announced that the social network has acquired photo-sharing app “Instagram” for $1 billion. Instagram’s CEO Kevin Systrom also made a statement through the company’s blog and confirmed it will “be working with Facebook to evolve Instagram and build the network.”