Wednesday, April 11, 2012

Why Facebook paid $1-billion for Instagram - The Globe and Mail

Why Facebook paid $1-billion for Instagram - The Globe and Mail: "Facebook Inc. has a smartphone problem, and it’s paying a billion dollars to solve it.

The world’s biggest social network is on the verge of buying a far smaller, photo-based Web service called Instagram. Founded less than two years ago, San Francisco-based Instagram allows users to quickly edit and share the photos they take on their mobile devices."

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