Facebook Is Buying Instagram | WAMU 88.5 - American University Radio

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

13 Days Of High Emotion That Led To The Egypt-Israel Peace

Lawrence Wright's new book examines the 1978 peace deal President Carter brokered between Egypt and Israel. During the tense summit, Carter had "never been angrier," Wright says.
NPR

A Scientist's Journey From Beer To Microbiology To Bourbon-Making

When his home-brew tasted bad, a college student decided to pursue microbiology. After more than a decade as a scientist, he's going back to brewing — but this time, he's moving up to bourbon.
NPR

Dempsey Says If Needed He Would Recommend Ground Forces In Iraq

The chairman of the Joint Chiefs of Staff told a Senate panel he supports the president's plan to combat Islamic State militants but that if it proved necessary, he would recommend U.S. ground forces.
NPR

Minecraft's Business Model: A Video Game That Leaves You Alone

Microsoft is buying the company that created the video game Minecraft, which has a loyal following in part because of the freedom it allows players — including freedom from pressure to buy add-ons.

Leave a Comment

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