Facebook buys Instagram for $1 Billion! We know it’s still April, but this isn’t an April fool’s joke. Instagram, after coming on to the Android platform has been making quite a buzz. Well now there is confirmation that Facebook has taken over Instagram and the deal is worth, wait for it.....$1 billion!
This purchase will help Facebook expand its online photo sharing services. Instagram will continue to be built out independently from Facebook, but will be providing services to the social network.
Source : Mobigyaan