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Why Did Facebook Buys Instagram for $1 Billion?

In this week’s social media news, Facebook decided that the Instagram app was worth $1 billion making this the social network’s largest acquisition ever. So why did Facebook buy Instagram? Facebook is best known to be the largest photo sharing site and this feature made Facebook very successful even against other rivals like Flickr and Photobucket. However, Instagram in a free app that lets people share photos AND manipulate them with about 17 filters. In a little more than a year, Instagram attracted [...]

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