Facebook buys Instagram for $ 1 billion

Instagram, a free photo-sharing service, received the largest “like” in its history. Company Facebook announced the purchase of a popular mobile service. The cost of the transaction is estimated at $ 1 billion. At the moment, it is the largest acquisition of a company headed by Mark Zuckerberg.

Payment will be made in cash and shares. The entire staff of Instagram, consisting of six people, will join the largest social network.

On his personal Facebook page, Mr.Zuckerberg explained that he will continue to develop the Instagram service. Facebook users will be able to share photos with users of other social networks. The young billionaire also said that in the near future he no longer plans to make such large purchases.