Facebook Buys Instagram for $1 Billion, Whoa!

Facebook Buys Instagram

$1 Billion – Holy Crap

In probably one of the quickest and most surprising purchases of the year, Facebook just bought the mobile photo sharing application, Instagram, for $1 Billion in cash and stock.  The 30 Million Instagram users preferred the apps seamless photo sharing functionality over the Facebook application.  Facebook brass thinks so too.

Wow.

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