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Facebook buys Instagram


Guest LiquidSky

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Guest LiquidSky

"

Facebook has announced it is to buy Instagram - the popular photo-sharing smartphone app.

Facebook is paying $1bn (£629m) in cash and stock for the takeover.

 

Instagram was only launched in October 2010 - initially just for the iPhone before being offered as an Android app last week.

 

Facebook's chief executive Mark Zuckerberg has pledged to continue to develop Instagram as a separate brand, allowing it to post to rival networks."

 

 

http://www.bbc.co.uk/news/technology-17658264

 

 

Shocking:shocked2:

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