Facebook to buy Instagram for $1 billion
(Reuters) – Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public. The price was stunning for an apps-maker without any significant revenue, even when measured by the lofty standards of […]
Apr 10 2012 | Posted in Sci-Tech | Read More »
