Facebook Buys Instagram for $1 Billion
By Rock Paper Simple // April 9, 2012
Acquisition of instagram ensures facebook dominance in the photo sharing arena
Josh’s Note: Facebook has taken a huge step to keep itself on top as one of the most powerful photo sharing networks by purchasing Instagram for approximately $1 Billion in cash and stocks. One of the things that always kept Facebook ahead of the others was it’s dynamic and flexible photo sharing system allowing massive amounts of users to post, tag and share their photos quickly and easily. With Instagram, Facebook will once again forge ahead in this area.
Read more at Mashable.com
““For years, we’ve focused on building the best experience for sharing photos with your friends and family,” Zuckerberg said in the post. “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.””
Written by Joshua Adams at Rock Paper Simple
Joshua lives and breathes web development and internet marketing and is passionate about not only providing quality service, but also educating fellow business owners about internet marketing and web presence.