Facebook Buys Instagram for 1 Billion Dollars

But Facebook founder and CEO Mark Zuckerberg promises to preserve Instagram’s separate identity:

“We’re committed to building and growing Instagram independently…We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.”

It’s hard to imagine anyone paying $1 billion just to rub something out of existence.

Collage compiled with images from MySocialStamps and Wikimedia

[via New York Times]


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