Photo Sharing, Acquisition | featured news

Can Instagram be worth $1bn?

Can a two-year-old photo sharing app really be worth $1bn? It would buy you some some 2,100 Rolls Royce Phantoms. Or 200 million mosquito nets to fight malaria. Or the whole of the New York Times company (with $50m change to spare). If you are Microsoft, it buys you some 800 AOL patents to fight the next patent war.

 

Facebook buying photo-share app Instagram for $1B

Facebook Acquires Instagram

Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network's largest acquisition ever.

 

Facebook Buys Divvyshot Site

Divvyshot, a photo-sharing start-up, said it had received an offer from Facebook it couldn't refuse.

 

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