Monday, April 16, 2012

Instagram's Popularity Increases With Facebook Acquisition

Instagram, seen here on an Android phone, has proved extremely popular among users of the Google mobile platform. Reuters

Instagram Gives Facebook 5 Million Reasons To Love Recent Acquisition -- Christian Science Monitor

The new Android app from Instagram, which was recently gobbled up by Facebook, has racked up 5 million downloads.

Earlier this week, Facebook announced the acquisition of photo-sharing hub Instagram. The price tag? A reported $1 billion in stock options and cash, a hefty chunk of change even for a company that could soon be valued at $100 billion.

In a message to users, Facebook CEO Mark Zuckerberg maintained that although Facebook and Instagram offered very "different experiences, that the two platforms would "complement each other."

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