Facebook announced on Monday that it is going to buy a popular mobile-only photo-sharing app Instagram, promising no kill, but will Instagram make it stronger. the proce is also annpinced, it’s $1 billion.
“We’re committed to building and growing Instagram independently,” wrote Facebook chief executive Mark Zuckerberg in his blog post announcing the acquisition, citing the popularity of Instagram’s app and brand around the world.
“We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.”
They wrote: “Google rarely contacts Gmail users via email, but we are making an exception to let you know that we’ve reached a settlement in a lawsuit regarding Google Buzz (http://buzz.google.com), a service we launched within Gmail in February of this year. Shortly after its launch, we heard from a number of people who were concerned about privacy. In addition, we were sued by a group of Buzz users and recently reached a settlement in this case.
This email is a summary of the settlement, and more detailed information and instructions approved by the court, including instructions about how to opt out, object, or comment, are available at http://www.BuzzClassAction.com.”