Tuesday, July 29, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
China Starts Anti-monopoly Investigation For Microsoft
Apple's MacBook Pros Now Come With Faster processors And More Memory
Rhapsody Now Has 2 million Subscribers
LG Starts Selling Its 105-Inch Curved UHDTV
Motorola Said To Make Google's Next Phablet
Apple-Beats Deal Cleared By Europe
New Ultrastar SAS Solid-state Drives Offer Up To 1.6TB Capacities
PNY Releases Coin Sized Micro M2 Flash Drive
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 06, 2012
Facebook Buys Instagram


Facebook has closed its purchase of Instagram, the popular photo-sharing app that it agreed to buy in May.

The deal was valued at $1 billion when the companies agreed to it in April. However, Facebook's stock price has lost half of its value since then, so the deal is worth about $737 million, $300 million of it in cash and the rest in stock.

"As we said from the beginning, we are committed to building and growing Instagram independently. Instagram will continue to serve its community, and we will help Instagram continue to grow by using Facebook's strong engineering team and infrastructure. We also can't wait to work with the talented Instagram team to improve the mobile experience," Facebook said in a statement.

Instagram has a fast-growing user base of iPhone and Android users who take photos and apply various filters to them to share.


Previous
Next
Microsoft User Experience Virtualization RC Now Available        All News        New VIA QuadCore Pico-ITX Board Supports 3D Displays
Microsoft User Experience Virtualization RC Now Available     General Computing News      AVG Unveils 2013 Product Range

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook Profit Doubles
Facebook Save Lets You Read Stories Later
Facebook Tests 'Buy' Button
New Facebook App For Verified Public Figures Released
Sunday's World Cup Final Broke Social Media Records
EPIC Challenges Facebook's Manipulation of Users
Facebook to Acquire Video Ad Company LiveRail
UK Regulator Probes Facebook Over Experiment With User's Comments: report
Facebook Says It Cares About the Emotional Impact of The Social Network
Facebook Is Trying To Recover Bulk User Data Sized by Court
Facebook's Workforce is Mostly White Males
Facebook Back Online After Crash

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .