Post contributed by Rachel Cade -
Mark Zuckerberg, of Facebook, posted on his timeline today “I’m excited to share the news that we’ve agreed to acquire Instagram and that there talented team will be joining Facebook.”
The press release talks about how Facebook is excited to improve their users photo sharing experiences. There is no clear indicator whether Instragram will remain independent or be absorbed into Facebook but with such a vibrant following already it will be excited to see where this merger will go.
Article: Facebook to buy Instagram, Engadget blog
BJB - I guess that Instagram joining the Google family might also explain the rush to make their app available on the Android platform (even without some key features) - see post below.