Breaking News Alert
The New York Times
Monday, April 9, 2012 -- 1:27 PM EDT
-----
Facebook Buys Instagram for $1 Billion
Facebook has acquired Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday. In a Facebook post, the company's chief, Mark Zuckerberg, said he planned to build Instagram independently from the social network, allowing users to post on other social networks, follow users not on Facebook and opt out of sharing on Facebook.
Read More:
http://dealbook.nytimes.com/2012/04/09/facebook-buys-instagram-for-1-billion/?emc=na
About This E-Mail
You received this message because you are signed up to receive breaking news
alerts from NYTimes.com.
To unsubscribe, change your e-mail address or to sign up for daily headlines
or other newsletters, go to:
http://www.nytimes.com/email
NYTimes.com
620 Eighth Ave.
New York, NY 10018
Copyright 2012 The New York Times Company
0 comments:
Post a Comment