Facebook buys Instagram for $1 billion

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asimd12
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Facebook buys Instagram for $1 billion

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Facebook has bought Instagram. Mark Zuckerberg himself confirmed the acquisition through his account on the social network. Facebook has paid 1 billion dollars to close this acquisition, which is focused on improving the possibilities for users when sharing images from their mobile phones.

Instagram continues to be a protagonist. Last week, the service opened up to Android, broadening its horizons. After a more than successful stint on iOS, the photography service expanded its possibilities thanks to its landing on Google's operating system. The quality of the service and its possibilities have helped millions of users to opt belgium telegram mobile phone number list for this social network-application, which is now taking a giant step towards its growth.


Mark Zuckerberg has explained on his Facebook account that “they have agreed to acquire Instagram, whose talented team will join Facebook.” This is a major acquisition for which Facebook will pay 1 billion dollars. The company, which is about to go public, has carried out this operation by surprise, without any rumors having been leaked.

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Zuckerberg explained that they have made this decision after pursuing for years to improve their options for sharing photos. “For years we have focused on improving the experience for sharing photos with friends and family. Now, we will be able to work even more closely with the Instagram team to offer the best experiences for sharing photos from mobile with people based on their interests,” he explained.

Despite the high outlay, Facebook intends for Instagram to continue to develop “independently.” Facebook’s CEO explained that “millions of people around the world love the Instagram app and the brand associated with it, and so the goal is to help spread the app and the brand to more people.” One very important aspect is that this operation will not make Instagram unconnected with other services other than Facebook. “We believe that the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We intend to maintain the possibility of publishing photos on other social networks, the ability to not share Instagram photos on Facebook if you don’t want to, and the possibility of having followers and following people separately from your Facebook contacts,” Mark Zuckerberg has assured.
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