Facebook Buying Instagram for $1 Billion
Facebook broke a story on Monday morning that Facebook was buying a tiny "Instagram" photo sharing app.
SNAPSHOT OF INSTAGRAM
Istagram was founded in 2010 in San Francisco.
It lets users snap photos with an iPhone or Android phone, add visual effects and share with friends on Instagram's network or through Facebook, Twitter or other social networks.
Instagram, which makes a wildly popular app to turn mobile-phone photos into mini works of art, has a staff that barely tops a dozen. Instagram is a mobile-only photo-sharing app. It grew from 1 million users in January 2011 to 15 million in December 2011. It has 30 million users now.
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