Facebook's Mark Zuckerberg shared the following on his timeline on facebook explainign why his company bought the mobile photo-sharing site, Instragram for a coll $1billion. Istragram has over 30 million registered users. The message from Mark here --->
This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.