Geekery

Facebook to buy Instagram for $1 billion

Thomas Houston, for The Verge:

Mark Zuckerberg took to Facebook today to announce that Facebook has agreed to acquire photo-sharing service Instagram for $1 billion in “a combination of cash and shares of Facebook.” The entire Instagram team — 6 employees — will be joining Facebook, and interestingly, Zuckerberg says that Instagram will be built and grown “independently” and that its integration with other services is an “important part of the experience.”

1,000,000,000 / 6 = Holy crapballs on spaghetti, Batman.

 

Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s