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Facebook Buy Instagram $ 1 Billion

Is the social network Facebook announced the purchase of Instagram, a smart phone application for editing and sharing photos. Facebook paid $ 1 billion in cash and stock for the purpose of fresh this spending.
Actual Instagram launched in October 2010. At first only worked for the iPhone before then as well designed as the Android app last week. Facebook founder and chief executive Mark Zuckerberg said Instagram will continue to develop as a separate brand, that can also be used as an application for competitor networking service Facebook.



The application is free and users can take advantage of 17 layers in the photos they take, ranging from changing the color shades to give photos a distinct impression, before finally uploaded.

Apilikasi very popular. According to Instagram service is now being used more than 30 million users who upload more than five million images every day. Paul Kedrosky, an investor in technology as well as the author of the Infectious Greed blog, told the BBC: "I believe Instagram only has 13 workers, so with this transaction each head can be part of $ 77 million. This is the most expensive deal in the history of business."

Zuckerberg wrote on his Facebook page: "We think the fact that Instagram is also connected with the service (networks) other than Facebook is an important part of the experience."

"It is an important milestone for Facebook because for the first time we buy a product and a company that used so many users. We have no plan to do many things like this, even if there may be more later (similar transactions)."

Meanwhile, according to analyst Paul Kedrosky, super fast transaction. "They say lightning speed directly deal. Having launched the Android version last week and adding a million users per day, it is clear that the application is not just about sharing photos, it's another social networking is also very competitive, and there may be concerns about the entry of other competitors that also interested with this transaction. was the only reason why Facebook did this quietly and before the IPO begins. "

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