Facebook buys Instagram

Instagram is a free photo sharing application that allows users to take a photo, apply a digital filter to it, and then share it on a variety of social networking services, including Instagram's own.A distinctive feature confines photos to a square shape, similar to Kodak Instamatic and Polaroid images, in contrast to the 4:3 asprect ratio typically used by mobile device cameras.
Instagram was initially supported on iPhone, iPad, and iPod Touch; in April 2012, the company added support for Android camera phones running 2.2 (Froyo) or higher. It is distributed via the iTunes App Store and Google Play.
On April 9, 2012, Facebook announced it would acquire the company (and its 13 employees) for approximately $1 billion in cash and stock, with plans to keep it independently managed.

Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Affiliate Network Reviews