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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As per the survey, it is reported that the people who have used Facebook, the social networking site from a long period show no sign of being bored from the site.
Facebook site found in 2004 by Mark Zuckerberg and now at this time, the company has 845 million active users who are enjoying its services of posting pictures, updating, commenting and sharing photos and random thoughts with their friends or friends of friends.
Due to having more popularity as compared to Twitter, Google, Yahoo and other social networking sites, the Company filed its initial public offering (IPO) prospectus with the Securities and Exchange Commission, seeking to raise $5 billion. Read the rest of this entry…
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