Monday, April 9, 2012

Facebook buys Instagram for $1 Billion


The still very popular Facebook proves to dominate and reign #1 within the social networking sites! Facebook has announced that it is buying Instagram (which has more than 30 million users), for a cool 1 Billion Smacker-roos. Facebook remains in the forefront with its attractive photo sharing features. Reports from the end of 2011 show that facebook users were uploading an average of 250 million photos a day! Now that's a lot of upload!

Despite all the buzz this story has generated, there is much mixed opinion and concern about the merger. Many Instagram users are worried about the possible changes to their current services. They might be uptight at the fact that Instagram is not just exclusively for iphone users anymore. Well do like you do when you upload hunny... Share!!! All in all, I am pretty sure FB Co-founder and CEO Mark Zuckerberg is all smiles. $$$$$$$$

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