Facebook buys application for $1 billion

The largest social network in the world, Facebook buys the popular Facebook application Instagram,which is used for creating and editing images, for approximately $1 billion. The corresponding information appears on the official website of the company which states that the deal should be closed in this quarter.  Facebook  has paid for the application both with cash and treasury shares.Tags: facebook, Society, World, News, internet, Читать далее, Source: Voice of Russia