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Facebook to buy Instagram for $1 Billion


Mark Zuckerberg has just announced that Facebook will be purchasing photo social network, Instragram for $1 billion USD.

This looks to be a talent purchase, but Facebook is going to continue running the Instagram service and will still allow users to post photos to the other social networks like Twitter, Flickr etc.

Instagram has 10 employees which will move across to Facebook in conjunction with their work at Instagram.

This will be Facebook’s largest single ever acquisition and Zuckerberg said it is likely they won’t do a purchase of this size again.

We will update you with more details as they unfold.


David Cowling :

Editor and Founder of SocialMediaNews.com.au. I also run a Social Media Agency where I do consulting work and another blog dedicated to Instagram news. Connect with me: Twitter | LinkedIn | Google + or contact me here. Alternatively, you can send me an email at david@socialmedianews.com.au

  • Wow. Facebook sure know when to get on a good thing… will be interesting to see if this changes Instagram in any way!

  • Instagram has more than 1 million users and this apps is very useful in facebook yet facebook were not the first to recognize this idea were not able to realize how important this idea to their existing application. So buying it is no brainer for them and one billion dollars is just only a coin compared to what the effect the instagram will bring to the facebook users.











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