Facebook Buys Instagram for $1 Billion

[Adam DickerAdam Dicker is verified member.]

I normally refrain from writing about technology news unless it directly impacts domainers, but this is just too big and surprising to ignore: Facebook is buying Instagram, the popular photo sharing app, for a whopping 1 billion dollars in cash and stock. That’s 1 followed by 9 zeros, folks. And it also answers the oft-asked [...]

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[hugegrowth]

Instagram is crazy popular with younger people, and with Android it will only get better. Good buy for FB. Instagram is a play on the popularity of photos and mobile devices, and it also ties in well with Twitter.

 

[elevatoria]

FB is trying all it's best to see that there will be no other social site to overshadow them and to keep the trend up for longer time if possible to be unbeatalble on social affairs; I see nothing bad in it provided they have the muscle to cover the bill; they have already captured the youth and some elite adults worldwide. Google is also trying to flex muscles and that is why they came up with their social site.