"This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. NEW YORK ( TheStreet) -Photo-sharing app Instagram, made popular by Apple's - Get ReporiPhone, is being acquired by Facebook.
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates … According to media reports, it will list on the Nasdaq, under the ticker symbol "FB." Facebook has reportedly been valued, is the number one free app on Apple's App Store and recently became available onAndroid market. 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," Zuckerberg said on his Timeline.for the cool price of $1 billion, as the social-networking giant flexes its growing financial muscles.http://twitter.com/commodity_bullIn March, the company announced that it obtained a $5 billion, five-year unsecured revolver loan to replace a $2.5 billion revolver that was set to mature in 2016, according to a regulatory filing. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together."Facebook CEO Mark Zuckberg said he was excited about the deal, which will let Facebook work even closer with Instagram to "offer the best experiences for sharing beautiful mobile photos with people based on your interests." Zuckerberg said that Instagram will remain independent of Facebook, and will not be integrated into the company.in May.
We don't plan on doing many more of these, if any at all. These images can then be shared friends and other Instagram users.There are over 15 million Instagram users, according to the app's description in the App Store. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates … Zuckerberg went on to say that this is the first time Facebook ever acquired a company that had so many users.
( EK) Gallery in a similar move for $23.8 million.Shares of Shutterfly plunged on the back of the news, down 7.19% to $27.35.for a reported $1 billion in cash and stock.>To submit a news tip, send an email to:>To follow the writer on Twitter, go to, so using $1 billion in cash and stock is a major acquisition for the company."We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. The app lets users take pictures using their iOS and Android devices and apply filtered effects. Facebook had $3.9 billion in cash on hand at the end of 2011, according to its Twitter, Inc. Common Stock (TWTR) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets.
INSTAGRAM belongs to the Communication Services business sector.
Created in 2010 (United States), INSTAGRAM is one of our Top Popularity Web, has more than 56 sister brands and more than 2 774 competing brands.The INSTAGRAM brand is owned by Facebook , a company listed in New York.
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