Instagram and Facebook

igersmanila:

Rumors have been floating around since last year that Facebook has been trying to acquire Instagram, now with over 30 million users, and growing rapidly, thanks to its recent release of the Android counterpart app.

This early Tuesday morning (PHT) it’s been confirmed, much to IGers’ mixed reactions, that Facebook has indeed snatched up Instagram for a whopping one billion US dollars. Read the statements from Facebook’s Mark Zuckerberg and Instagram’s Kevin Systrom.

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