Instagram confirms Facebook offer on Twitter
We're excited to announce something very big: Instagram + Facebook http://t.co/P8iXqZuF
From @instagram on Twitter:
Why are Facebook buying Instagram for $1bn?
Can a company that has existed for 500 days, has only 13 members of staff and produces no revenue be worth $1 billion?
Facebook to buy Instagram for $1 billion
Facebook's founder describes it as "an important milestone" as he offers a huge price for a company with around a dozen employees.
