Facebook Buys Instagram for $1Billion; Instagram New Update Adds Android Tab Support

Discussion in 'Android Tablet News' started by dgstorm, Apr 9, 2012.

  1. dgstorm

    dgstorm Editor in Chief Staff Member

    Jan 5, 2011
    Likes Received:
    Trophy Points:

    We have several bits of interesting news regarding Instagram today, and this is not an April Fool's Joke, just to make that perfectly clear. The first juicy morsel is a "breaking" news piece indicating that Facebook just bought Instagram for $1 Billion Dollars. In a combination of cash and stock, Facebook just brokered a deal that is expected to be finalized later this quarter after facing regulatory scrutiny.

    The second bit of news from them is that the newest 1.0.3 update they just pushed out will add Android tablet support on top of a few bug fixes. This Android tablet support is primarily visual, and makes it easier to use Instagram on the larger screen size. The update will also allow Android users to install the app to their SD card as opposed their device’s internal memory.

    The last bit of interesting news with Instagram is that they the app has already been downloaded over 5 Million times in just 4 days. Wow! No wonder Facebook saw them as a smart investment...

    Here's a quote from Mark Zuckerberg, founder and CEO of Facebook, regarding the acquisition:

    Source: GigaOm and UberGizmo
  2. J515OP

    J515OP Super Moderator Staff Member

    Jan 6, 2011
    Likes Received:
    Trophy Points:
    Northern CA
    Tablet / Device:
    Nook Color, Nook Tablet 16GB, Vizio VTab, Nexus 7
    Wow, that is pretty big news.

Share This Page