Thursday, April 19, 2012

Facebook Buying Out Instagram For $! Billion?

www.news.cnet.com
by Paul Sloan

So lately Facebook has been top of the charts most talked about topic. Why? because Facebook has became so popular not only for people nation wide but for popular music artists and new up coming artists. Well the latest on Facebook says Paul Sloan from CNET news blog states that facebook bought $1 billion dollar program Instagram for the site to create and make pictures look good. Originally Systrom had asked for $2 billion, according to the Journal and Zuckerberg negotiated with him by suggesting he look at the value of the deal as a percentage of Facebook's value.