Tech

Facebook just announced that “it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.” The deal consists of “approximately $1 billion in a combination of cash and shares of Facebook” and “is expected to close later this quarter.”

The popular photo app debuted alongside the iPhone 4 and has counted some 30 million registered users who upload about 5 million photos per day. The company recently released the app for Android users as well.

(MORE: How to Quit Instagram and Export Your Photos)

Photo sharing is big business for Facebook, and Instagram has the kind of mass appeal to make it a good acquisition by the social-networking giant — perhaps Facebook is shoring up its feature set as it prepares for its long-awaited IPO. You may recall that Facebook had reportedly been toying with Instagram-like features as far back as last August.

It’ll…

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About heloise8

Meaning of "trough" -- Trough is the bottom of a transverse wave. And generically means a low point or a place to fill. Venus is related to this meaning. Veins are to be filled, and venusian people are loving. The left is more venusian than the right, hence The Trough--where Heloise helps the great and the small. Heloise the politico from Blogcritics.org. Physics preacher, blogger, gardener, beach lover, book lover, writer, author.

Posted on April 9, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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