Tuesday, April 10, 2012

Facebook buys Instagram

I hope all of you have heard by now - Facebook bought my fav app Instagram for a cool 1 billion dollars! That is in combination of cash and Facebook stock.

There is a mixed reaction on Twitter regarding this acquisition. Some people think it is really good for Instagram to have a parent company like Facebook.

However, there is another school of thought which believes that Facebook wants all our data, to earn advertizing revenues! And now Instagram feeds will add to it!

Let us see. Which side do you think you are?

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