On a night of slow news technology-wise, Facebook CEO Mark Zuckerberg posted on his Facebook Timeline no less, that the social-networking giant is buying Instagram. Instagram, the popular photo-sharing app with its own network of users will cost Facebook a massive $1 billion in cash as well as Facebook shares. Mark Zuckerberg was quick to acknowledge the other social networking sites that Instagram share too now and said that the deal would not affect it at all. "We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience.
Ubergizmo, Facebook to Buy Instagram for $1 Billion
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