Although I’ve not had a first had use of this craze-inducing app called “Instagram”.. I feel its a great one, and Mark Zuckerberg or (Mark Zugabug as said in this funny video on Nigerian Subsidy Removal). Well, Mark Zuckerberg has invested in something useful. I just hope he’s not just buying it for buying sake, but with a goal in mind. Have a great day.

Eta's Digital WareHouse

A picture is worth a thousand words, but a popular photo-sharing app is worth far more: Facebook announced it is purchasing Instagram for $1 billion.

To put the sale in perspective, the Wall Street Journal’s Dennis K. Berman tweeted: “Remember this day. 551-day-old Instagram is worth $1 billion. 116-year-old New York Times Co.: $967 million.”

The purchase of the San Francisco-based photo-sharing app is the largest financial acquisition in Facebook’s history and is being made in cash. The deal will be completed by June, according to the AP.

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