NPR : News

Filed Under:

Facebook Is Buying Instagram

"I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook," Mark Zuckerberg just announced.

Forbes says Facebook is paying "approximately $1 billion in stock and cash" in what will be its "largest acquisition to date ... just weeks before its highly-anticipated IPO."

According to Facebook CEO Zuckerberg:

"Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests."

Zuckerberg also says "we plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook."

On Instagram's blog, CEO Kevin Systrom writes that "the Instagram app will still be the same one you know and love. You'll still have all the same people you follow and that follow you.You'll still be able to share to other social networks. And you'll still have all the other features that make the app so fun and unique."

According to TechCrunch, Instagram has 13 employees. Talk about a lucky number.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Jhumpa Lahiri Finds Freedom In Italian Memoir: 'No One Expected Me To Do It'

The Interpreter of Maladies author is a successful, Pulitzer Prize-winning English-language writer. But she found writing in Italian gave her true freedom; "Language is a very messy thing," she says.
NPR

Gulf Of Mexico Open For Fish-Farming Business

For the first time, companies can apply to set up fish farms in U.S. federal waters. The government says the move will help reduce American dependence on foreign seafood and improve security.
NPR

WATCH: Republicans — Then And Now — Talking About Drug Addiction

In New Hampshire, Republican presidential candidates are using compassionate language when it comes to drug abuse. It's a marked change for a party that has advocated tough stances on the issue.
NPR

A Skeptical Review Of CBS' Super Bowl Online Streaming Success

For the first time, CBS put the full Super Bowl, with ads, online and claimed record viewership. But StreamingMedia.com's Dan Rayburn says the decision to stream is getting too much hype.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.