Wednesday, January 18, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
PC Gaming Hardware Market Has Breached the $30 billion Mark
VR-capable Imagination Series8XE GPU is Targeted At Low-end Smartphones
Toshiba May Spin Off Its Semiconductor Business
These Are The Specs of ZTE's Hawkeye Project CSX Crowdsourced Smartphone
Airbus Could Build A 'Flying Car' This Year
Intel Unveils New Intel Responsive Retail Platform, Announces $100 Million Investment Plan
Raspberry Compute Module 3 Launched
SpaceX Sends Satellites into Orbit
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Journalism Project Aims At A Healthy News Ecosystem
Facebook Buys Eye-tracking Startup Eye Tribe
Facebook Says Government Requests Rise 27 Percent
EC Alleges Facebook Provided Misleading Information About WhatsApp Takeover
Facebook Introduces Group Video Chat in Messenger
Facebook to Offer Tools To tackle Fake News
Facebook Messenger Launches New Native Camera
Facebook, Twitter And Google Are Partnering To Help Curb Spread of Online Terrorist Content
Facebook To Offer $20 million To Improve Silicon Valley Communities
Facebook To Use Artificial Intelligence to Flag Offensive Videos
Facebook Brings Games To Messenger
Facebook Said To Propose Censorship Tool to Re-enter China

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .