Facebook acquired Instagram in 2012 for $1 billion. Instagram was a photo sharing mobile app founded in 2010 that had grown rapidly to over 30 million users. The acquisition gave Facebook access to Instagram's architecture and team to help Facebook expand its mobile photo sharing capabilities.
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Facebook acquired Instagram in 2012 for $1 billion. Instagram was a photo sharing mobile app founded in 2010 that had grown rapidly to over 30 million users. The acquisition gave Facebook access to Instagram's architecture and team to help Facebook expand its mobile photo sharing capabilities.
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Works Cited
"The Instagram Architecture Facebook Bought for a Cool Billion Dollars." The Instagram Architecture Facebook Bought for a Cool Billion Dollars - High Scalability -. Highscalability, 12 Apr. 2012. Web. 04 Oct. 2014.