Instagram, an Internet startup in San Francisco which had hardly any revenue and about a dozen employees.It works only on apple device.But facebook sees gold in it.Facebook bought instagram as it is a social network built around photography, offering mobile apps that let people add quirky effects to their smartphone snapshots and share them with friends.
Face book bought instagram amongst several other competitors as Instagram offers fast ascension and almost cultlike following. It has 30 million users who upload more than 5 million photos a day.
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