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Facebook Buys Instagram for 1 Billion Dollars
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Facebook Buys Instagram for 1 Billion Dollars

One billion dollars is an unfathomable amount of money — if you had that much, you could by several hundred black Chanel jackets — but it's the sum Facebook shelled out to purchase the popular social photo service, Instagram. Some observers think the new acquisition is Facebook's way of positioning itself to better compete with […]

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