Facebook bought out Instagram for $1 billion on April 9,
2012. Instagram is an APP that can be
downloaded on an IPhone or Android device which is a compilation of images and photos of places
and people worldwide. Its ease of use
and simplicity allowed Instagram to gain popularity fast. “The app had almost 200,000 users within the
first week. By February, it had 1.75 million users,
and three months later that number had jumped to 4 million.” (Mashable,
2012) A link is provided with more
details on the buyout of Instagram.
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