Facebook Acquires Instagram for $1 Billion

Life just got a lot easier for hipsters who post pictures to Facebook. The Mark Zuckerberg empire grew significantly today as Facebook announced its acquisition of Instagram for $1 billion. Instagram—a mobile-only photo-sharing app—gained 29 million users since January of 2011. Now, when you want your dull pics to look a little more dashing, you’ll be putting money in Zuckerberg’s pockets. [Business Insider]

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