Instagram was acquired by Facebook in early 2012 for approximately $1 billion in cash and company stock.
Instagram is a free photo sharing application that enables its users to take photos, apply filters, and share them on social networks such as Facebook, Twitter, Foursquare, Tumblr, Flickr, and Posterous. It allows its users to capture and customize their photos and videos with several custom-built filter effects.
Some data provided by Crunchbase
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