Facebook has acquired Instagram for almost a billion dollars in not only cash but also in stock. This apparently has been in the works for awhile so much so that within the last year the purchase of this company has been rumored to be sold for anywhere from $100 million to $500 million so it is no surprise the sale was close to a billion. Most have speculated that this purchase was to acquire on of its strongest competitors. The idea is that Facebook has always been about sharing not only your life but photos and Instagram did that and did it well. This purchase is one of the biggest of Facebook history and the question is did they purchase this company to eat up competition or to use it to make Facebook bigger and better.
