Facebook Buys Instagram For $1 Billion, Turns Budding Rival Into Its Standalone Photo App | Communications Major | Scoop.it

To paraphrase "The Social Network" - "You know what's really cool? A trillion dollar company." Facebook has just finished a deal to acquire Instagram. The compensation will be approximately $1 billion in cash and stock. Instagram will remain a standalone app from Facebook, but the services will have increasing ties to each other.