Programming Note: This site will be on break through the holidays and return in January. Be sure to subscribe or check back for updates!

Snippet: Facebook to Buy Instagram for $1 Billion ☇

Shared on April 9, 2012

There goes the neighborhood:

Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices…The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.

Snippets are posts that share a linked item with a bit of commentary.