instagramMark Zuckerberg on his Facebook timeline announced that his company has acquired Instagram for a massive amount of $1 billion which will be provided in cash and some in terms of stock. With only 8 employees and approximately about 550 days of operation, Instagram has been acquired by Facebook for $1 billion. This news comes as a huge surprise to the entire tech industry. Apparently, Instagram just completed a $50 million funding series which valued it at $500M before the news was announced, and even the investors did not know about it. Read More