By Rob Basso on
4/18/2012 12:47 PM
Instagram, an overnight internet sensation that has yet to celebrate its second birthday, officially sold to
Facebook for $1 billion dollars. For those of you who are not familiar with the social network, the app is built around photography which offers mobile apps on smartphones. The app has 30 million users who upload more than five millions photos per day. Facebook has previously purchased smaller companies including a mobile-messaging app and an e-book publisher but none of it comes close to the size of Instagram...