![]() ABC News | Facebook buying photo-sharing app Instagram Houston Chronicle By Casey Newton Instagram is demonstrated on an iPhone. Facebook is spending $1 billion to buy the photo-sharing startup in the social network's largest acquisition. Photo: Karly Domb Sadof / AP SAN FRANCISCO - Facebook took steps Monday to bolster its ... Facebook says it will spend $1 billion to buy the photo-sharing software ... Instagram co-founders are young, widely praised -- and very, very rich Instagram buyout nets co-founders $500 million |
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