Games: Newswire: Facebook just bought Instagram for $1 billion

Games: Newswire: Facebook just bought Instagram for $1 billion: In the largest acquisition to date for the site, Facebook has just acquired its nearest photo-sharing competitor Instagram for the tidy sum of around $1 billion—an amount of money that, as you know, is cool. Even cooler: The power to take everyone’s faux-vintage mobile phone photos and subsume them under the Facebook banner, thereby all but cornering the market on social media-based quirkiness. (With Hipstamatic recently integrated into Instagram, that’s truer than ever; perhaps Pinterest will find its way into the Facebook fold next?) Of course, in announcing the deal, Facebook founder Mark Zuckerberg claimed that it ...