Facebook Acquires Instagram

Date: April 12, 2012

Acquired for: $1 Billion

Facebook spent months working on a solution to heighten its mobile presence. The acquisition of Instagram, the hottest new mobile app, seemed like the best answer. With over 100 million registered users, the photo-sharing app is primed to strengthen the social network's ecosytem, as well as tighten its integration between digital, mobile, and social platforms.