[BREAKING] Facebook Acquires Instagram For $1 billion

This just in! Facebook has just announced that they have successfully acquired the popular photo sharing app, Instagram.

In the newsroom section of Facebook’s website, they have put up a news with an announcement by the CEO, Mark Zuckerberg:

I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.

For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

Instagram has also put up a news on their site, ensuring that everything will still work and look the same.

The Instagram app will still be the same one you know and love. You’ll still have all the same people you follow and that follow you.You’ll still be able to share to other social networks. And you’ll still have all the other features that make the app so fun and unique.
We’re psyched to be joining Facebook and are excited to build a better Instagram for everyone.