Facebook to buy Instagram for $1 billion

SAN FRANCISCO (Reuters) - Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No.

Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected ...

Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected ...

You hear it all the time “It doesn’t matter where you build your startup.”, or “If you don’t build your startup in Silicon Valley, you don’t want to win bad enough”. Either way, Robert Scoble left a very thoughtful answer arguing for the types of things that happen in the valley that definitely gives you an advantage.

West Coast—best coast? Not so, says the thriving New York City start-up scene. During the past decade, the Big Apple has emerged as a top tech center for new companies and a hotbed for both angel and venture capital funding.

Facebook will buy the photo-sharing app maker for $1 billion in cash and stock just 18 months after it launched.