Facebook Buys Instagram for $1 Billion. Yesterday, Facebook released some of the most surprising news of the year so far, that the social network has purchased Instagram for $1 billion, or nearly £630 million. This comes just a few days after the app was released for Android, after being an iOS exclusive since its release. It's also a few months after the photo startup was valued at $500 million, indicating Facebook was very, very keen to snap up the popular app.
Cell Phones Ca, Facebook Buys Instagram for $1 Billion, The Lumia 900 Becomes Amazon's Best Selling Phone & Sony to Cut 10,000 Jobs
