Facebook world’s no.1 Social networking site buys a Instagram photo app for $1 Billion.
What Is Instagram?
Instagram where users take pictures with smartphones, edit and retouch them with borders and filters, and then post the images on social networks. Instagram Founded in 2010, it has become the most popular free photo-sharing application on Apple Inc.
Where Instagram, owned by San Francisco-based Burbn Inc., was valued at $500 million after raising about $60 million.