- Housecall for Health: Dirty HandbagsPosted 2 hours ago
- Tornado Strikes Near Oklahoma CityPosted 14 hours ago
- Justice Department Leak Probe [VIDEO]Posted 15 hours ago
- Supreme Court To Hear Town Prayer CasePosted 15 hours ago
- Military Sex AbusePosted 18 hours ago
- Suburban Poverty GrowingPosted 18 hours ago
- Record-Breaking Ferris Wheel RidePosted 19 hours ago
FOX on Tech: Facebook Buying Instagram for $1 Billion
Facebook wants more photos, vintage-looking, artsy-looking photos. And they just paid $1 billion for them.
FOX News Radio’s Jessica Rosenthal explains:
Audio clip:
If you’re on Facebook, you’ve seen these photos – they look altered, a little artsy. It’s often because they’re photos users have shared through Instagram, and then on Facebook. Now, Facebook says it’s buying Instagram in a cash-and-stock deal for $1 billion dollars.
Facebook CEO Mark Zuckerberg says in a statement it will keep building on Instagram’s strengths and features rather than just integrating everything into Facebook. Earlier this year, Facebook filed for its initial public offering, revealing its valuation stands at $100 billion dollars.
Jessica Rosenthal, FOX News Radio.
