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Facebook Acquires Instagram for $1 Billion in Cash and Stock

Facebook Acquires Instagram for $1 Billion in Cash and Stock

The biggest news in the tech world today was that Instagram was acquired by Facebook for approximately $1 billion in cash and stock. Instagram, the popular picture sharing app for mobile devices, has seen its userbase skyrocket in recent years, with approximately 30 million iOS users joining in the last 18 months alone. Amazingly, after Instagram’s new Android client was launched last week, n

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