Thursday, April 19, 2012

Facebook buying Instagram for $1 billion in cash and stock

By Jessica Guynn


Facebook has recently just done one of the biggest moves of the year, it has agreed to buy Instagram for $1 Billion in cash and stock. The move was announced Monday on an Internet post, that has already gotten its fair share of likes. It was also hinted that this might be the last big move for Facebook buying another big company. This move was pushed by Facebook because they wanted to help Facebook's unique photo-sharing experience, get even better by a adding a program that can allow an average person to feel and edit photos like a photo taking expert.




http://www.latimes.com/business/technology/la-fi-tn-breaking-facebook-buying-instagram-for-1-billion-in-cash-and-stock-20120409,0,6836152.story