Facegram / $1B
All your bases belong to me. Facebook buys Instagram.
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Facebook Buys Instagram for $1 Billion by Emily Price
Facebook snapped up the hugely popular photo-sharing app Instagram Monday, for roughly $1 billion in a combination of cash and stock.
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Facebook Buys Instagram For $1 Billion, Turns Budding Rival Into Its Standalone Photo App by Josh Constine and Kim-Mai Cutler
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Facebook snaps up Instagram for $1B by AP
On the surface, that’s a huge sum for a tiny startup that has a handful of employees and no way to make money. But the lack of a business model rarely dampens excitement about hot tech upshots these days. As Facebook has shown, itself without ads or revenue in its early days, money goes where the users are.
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Insta-growth: Instagram for Android hits 5M downloads in 6 days by Sean Ludwig
“This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users,” Facebook CEO Mark Zuckerberg wrote yesterday.
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The Facebook-Instagram Deal Could Be Sad News For Amazon by Julie Bort
In his blog announcing the acquisition, he said, "We will try to help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure."
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Instagram illustrations by: Cole Rise
