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	<title>Royal Deer Design &#187; Instagram</title>
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	<link>http://www.royaldeerdesign.com</link>
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		<title>Facebook&#8217;s acquisition of Instagram</title>
		<link>http://www.royaldeerdesign.com/2012/04/facebooks-acquisition-of-instagram/</link>
		<comments>http://www.royaldeerdesign.com/2012/04/facebooks-acquisition-of-instagram/#comments</comments>
		<pubDate>Sat, 21 Apr 2012 14:14:23 +0000</pubDate>
		<dc:creator><![CDATA[Sheuli]]></dc:creator>
				<category><![CDATA[Internet Business News]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Instagram]]></category>

		<guid isPermaLink="false">http://coot.arvixe.com/~royald/?p=1100</guid>
		<description><![CDATA[Facebook announced this week its purchase of Instagram, a San Francisco-based mobile photo storage application. This is the largest acquisition yet for the social network. Instagram&#8217;s photo services will strengthen Facebook&#8217;s current photo services. The purchase price was around $1 million in cash and shares. This agreement includes the opportunity for Instagram to remain independent]]></description>
				<content:encoded><![CDATA[<p>Facebook announced this week its purchase of Instagram, a San Francisco-based mobile photo storage application. This is the largest acquisition yet for the social network. Instagram&#8217;s photo services will strengthen Facebook&#8217;s current photo services. The purchase price was around $1 million in cash and shares.</p>
<p>This agreement includes the opportunity for Instagram to remain independent while also being integrated into Facebook&#8217;s site. Mark Zuckerberg says of the acquisition, &#8220;This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all.&#8221;</p>
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