Facebook Buys Instagram for $1 Billion
Fransico based company having strength of more than 30 million subscribers and launched as photo-sharing service for iphone in October 2010. As it is certainly interesting deal, people are intersted to know What is this huge purchase really about ?
Facebook is having record break users and community, now they dont need users, community, no matter how hip it is…!! Marck Zukerberg said they are planning to build instagram independently from facebook, now the question is how Instagram helps Facebook ?
This is an important milestone for Facebook as they have aquired the company which is having huge numbers of users, The rumour is Facebook trying to develope Instagram similar photo-sharing feature for Facebook.