Facebook Buys Instagram for $1 Billion – The New York Times

November 13, 2019

Facebook Buys Instagram for $1 Billion. In its largest acquisition to date, the social network has purchased Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday. It’s a notable move for Facebook, which has exclusively focused on bite-size acquisitions, worth less than $100 million.

https://dealbook.nytimes.com/2012/04/09/facebook-buys-instagram-for-1-billion/

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