By Dom Esposito
Facebook just announced they are purchasing the popular iPhone photo sharing app Instagram. Facebook has struck a deal with Instagram to acquire the company for $1 Billion in a mix of cash and stock shares in Facebook. That's a LOT of money...
Mark Zuckerberg made a post stating he is committed to building up Instagram independently of Facebook, and that it will not be integrated with Facebook’s social network.
Check out the full post below: