Mark “La Honda” Zuckerberg said on his Defacebook page that Facebook has paid $1 billion in greenbacks for Instagram.
The founders include CEO Kevin Systrom – who worked for two years at Google.
Zuckerberg said in his blog, sorry on his Defacebook Timeline, that it will try and keep Instagram as a separate brand, although he said Facebook wants to build similar features too.
Zuckerberg also said Facebook would buy other companies – but not “many more of these, if any at all”.
So some, then…