Facebook with 800 millions active users has made largest acquisition by offering $1 billion to photo-sharing app Instagram and very happy with its 5M downloads in six days on Android.

Instagram is an app that used for sharing photos of their life moments which people shot with their mobile.

The most likely app records more than 30 million users within a year and seeing its popularity, facebook is preparing a $100 billions initial public offering of stock and paying $1 billions for San Francisco-based Instagram and hiring its dozen or so employees. Read the rest of this entry…

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