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.