Facebook swallows Instagram for 1 billion US dollars

ILLUSTRATION - An Apple iPhone4 with a Instagram app is held in front of a Facebook logo on a computer monitor in Hanover, Germany, 10 April 2012. The social network Facebook, flush with cash as the company steers toward public trading scooped up the Instagram mobile photo-sharing application for about 1 billion dollars in cash and stock, on 09 April 2012. San Francisco, USA, based Instagram, with more than 30 million users, is one of the most popular free photo-sharing application on Apple's App store. Photo: JULIAN STRATENSCHULTE

Stock Photo ID:

42-33812822

Date Photographed:

April 10, 2012

Model Released:

No Release

Property Released:

No Release

Photographer:

Julian Stratenschulte

Location:

Hannover, Germany

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Rights Managed (RM)

Category:

News

Collection:

Corbis Wire

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