Facebook has just announced the acquisition of Instagram worth 1 billion dollars in cash and stock."This is an important trip for Facebook because for the first time we took over the company's products and with so many users," said founder and CEO Mark Zuckerberg said in a statement on Monday (April 9, 2012).
Instagram that provides an application for editing images with a wide selection of filters and effects and then the results are shared in social networks are very popular among smartphone users today.
Since its release in January 2011, Instagram is initially only available for the platform IOS, iPhone, has managed to attract about 50 million users.
Number of users kept growing since Instagram is also available for the Android platform last week by increments of users reaching 1 million users every 24 hours.
Although it has been fully mastered, Mark did not plan to directly incorporate Instagram specifically to Facebook. Instagram development will still be done independently.
