In a relatively surprising move, Mark Zuckerberg announced yesterday that Facebook plans to buy photo-sharing site Instagram for $1 billion. (Did you really think they would go public just to make some cash?) Since it went live in October 2010, Instagram has garnered over 30 million users (most of whom are already on Facebook) and multiple “App of the Year” awards thanks to its ease of use and
hamster stylized photos. By joining forces with the largest social networking (and photo sharing!) website, it hopes to expand its user base and bask in share Facebook’s revenue.
So what’s in it for you? [Read more →]