Facebook Buys Instagram for $1 Billion (Extra credit post from Kelli)

30 Apr

When Facebook filed to go public in February, they wondered if their lack in experience of large aqcuisitions could pose risks for investors. Well… after this $1 Billion dollar transaction, I’d say they’re gaining experience!

Facebook has announced it is buying Instagram, the mobile photo-sharing application, to lure users of mobile devices. They are paying this high price in-part to play keep away from Google and other big companies that could potentially snatch up the company themselves.

You can read the article here and see how they plan to use Instagram to their advantage.

(This is a guest blog post from Kelli Heath. Thanks Kelli!)

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