Facebook Acquires Instagram for $1 Billion

Mark Zuckerberg just posted this status update, letting the world know that they have just acquired Instagram.  Details about pricing, logistics, when they will be merging, etc. have not been released yet, but be sure to follow the site for the latest info!

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**Update: Facebook bought Instagram for $1 Billion

Here is Facebook’s official Statement

Here is Instagram’s offical Statement

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