Facebook bought Instagram for $1 BILLION

Now if you may not know, Instagram is a free app that is easy and simple for uploading pictures to your social network. Now facebook is greatful that now they have full access to instagram but the question is will they have great responsibilty over the app. Instagram use to be it's own little group and people were happy about it but since facebook came along and tool over, lets just hope that facebook doesn't do anything to mess up instagram. You might be wondering, why did facebook buy instagram, a uploading social network app for $1 billion. With an anticipated $100 billion to spare, the loss of $1 billion is not the end of the world. Rather than a business decision based upon immediate monetary profit, Facebook is strategically buying out their competition.