More to explore:
Facebook buys Instagram but pledges to keep it a separate social network and continue to allow sharing on sites other than Facebook. What do you think?
Facebook buys Instagram for $1bn - there must be a fair bit of advertising revenue in this Social Media game!
Facebook Buys Instagram Photo Sharing Network for $1 Billion
Facebook bought instagram for 1b$! Congratulations to Instagram’s founders Mike Krieger and Kevin Systrom! :)