 The Hindu | Facebook snaps up Instagram app for $1 billion San Francisco Chronicle Facebook took steps Monday to bolster its mobile strategy, acquiring popular photo-sharing application Instagram for about $1 billion in cash and stock. The purchase, the social network's largest and the most expensive by far for a smart-phone app, ... Facebook buys Instagram: full statement Instagram's Systrom Builds $1 Billion Application in Two Years Instagram co-founders are young, widely praised -- and very, very rich |
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