Today's Hard|Forum Post
Today's Hard|Forum Post

Monday April 09, 2012

Facebook To Buy Instagram For $1B

Facebook is buying for $1 billion? Am I missing something? How the hell is Instagram worth a billion dollars?

Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public.