Facebook snaps up Instagram for $1 billion

http://nma.tv Facebook has announced it will pay $1 billion in cash and stock to acquire photo-sharing app Instagram. The deal will make founders Kevin Systrom and Mike Krieger and the other approximately 12 staff at Instagram instant millionaires (at least in Mark Zuckerberg funny money). Industry watchers have said the move will help Facebook in an area it has traditionally struggled in — ...