Ever since Facebook announced that it is acquiring photo-sharing service Instagram for $1 billion – the fortune of the site changes instantly furthermore to more heights. The company announcing itself that ever since the acquisition was announced, it has been ranked number 1 in the iOS App Store for the first time ever. The deal is a combination of cash and shares of Facebook. Zuckerberg says that Instagram will be built and grown “independently” and that its integration with other services is an “important part of the experience.” The entire Instagram team of 6 employees will be joining Facebook.
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