Wowsers… Facebook to Buy Instagram for $1 Billion
by Antonio Wells
Apr 9, 2012 1:53 PM –
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Seems we all can’t get Instagram off the tip of our tongues these days. Facebook will acquire the popular photo-sharing service Instagram for $1 Billion in cash and stocks according to Facebook’s CEO, Mark Zuckerberg’s Timeline post today. Zuckerberg also stated stated they would expand on Instagram’s features rather than integrate it with Facebook, so we’ll see long that will hold true. We created a quick review video as well as applied our full in-depth review of Instagram for Android and found the app to be mediocre at best. With the full power of Facebook behind them, hopefully they really blossom the service. You can’t help but congratulate them on the accomplishment among the enormous hype. 
[Source: Phandroid]