Digital marketing

 

Facebook splashes $1bn on Instagram acquisition

 

Facebook has snapped up Instagram, the popular photo-sharing app, for $1bn (£623m) in cash and shares and sparked a major backlash.

Mark Zuckerberg: Facebook chief executive and founder
Mark Zuckerberg: Facebook chief executive and founder

Mark Zuckerberg, Facebook’s chief executive and founder, made the announcement regarding the Instagram acquisition earlier today in a post on Facebook.

Following news of the acquisition Instagram users have been been voicing their anger on Twitter about the deal with many saying they do not want Facebook to have access to more of their data or to flood the service with ads.

Read more: http://wallblog.co.uk/#ixzz1rcuivoIg



Read more on this story on Brand Republic’s digital blog, The Wall.

X

You must log in to use Clip & Save

 
 
blog comments powered by Disqus
 
 

Jobs

 

News By Email

The Media AM Bulletin : Preview

The Media PM Bulletin : Preview

Breaking News from Media Week : Preview

You need to register to receive our bulletins. Registration is free and only takes a minute.
If you have already registered then sign in to your account now and selected 'My bulletins' within preferences.