Instagram to be bought by Facebook for 1 billion dollars


Mark Zuckerberg (CEO Facebook), has announced on his Facebook wall that Instagram will be bought by his company for 1 billion US $.

This comes after the incredible success recorded by Instagram for Android, the application being released a week ago and already had around 1 million downloads in less than 24 hours.

There are no other details available at this time regarding the transaction, how Facebook will try to integrate the application within its platform.

Instagram is a non-profit application for iPhones, iPods, iPads and Android devices. The user can take photos with these devices and upload them within a few clicks, also sharing them on all the social networks, Facebook, Twitter, Foursquare and Tumblr.

Besides just taking photos, the application can add a few effects to pictures, these effects can transform a bland picture into something very artistic. These effects are Instagram’s signature, what makes this app different than others.

Instagram is like a small social network, works like Twitter, the user can follow other users and see the photos posted by those users, will have a main page with all his photos that he already took.

Mark Zuckerberg Instagram Announce

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