April 9, 2012

Facebook buys Instagram for what?

It's official.  Instagram is worth $1 billion dollars (at least since Facebook acquired it.)

For those of you who didn't know, Instagram is a mobile photo sharing app that gained popularity quickly since it started close to 2 years ago.  It has about 27 million users from fans with iOS devices alone.  With the launch of the app for Android phones last week, Instagram clocked-in 1 million registered users in 24 hours. That is growing by the minute.
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