What company bought Instagram for $1 billion?
Instagram April 3, 2012, Instagram was released for Android phones, and it was downloaded more than one million times in less than one day. In March 2012, "The Wall Street Journal" reported that Instagram was raising a new round of financing that would value the company at $500 million, details that were confirmed the following month, when Instagram raised $50 million from venture capitalists with a $500 million valuation. The same month, Facebook bought Instagram for $1 billion in cash and stock, with a plan to keep the company independently managed. Britain's Office of Fair Trading approved the deal on August
Instagram Snapchat's user growth, and 250 million active users in June 2017. In April 2017, Instagram Direct had 375 million monthly users. In June 2011, Instagram passed 100 million photos uploaded to the service. This grew to 150 million in August 2011, and by June 2013, there were over 16 billion photos on the service. In October 2015, there existed over 40 billion photos. On August 9, 2012, English musician Ellie Goulding released a new music video for her song "Anything Could Happen." The video only contained fan-submitted Instagram photographs that used various filters to represent words or lyrics from the