#25july_question_answers_2021
#Guid_Kaleem_shaheen
Which company acquired Instagram | Telenor
Answer | Telenor Quiz
Which company acquired Instagram?
Instagram. Instagram is a photo and video-sharing social
networking platform that was launched in 2010. Through the
Instagram app, users can upload, edit, and tag photos and
videos. The company remained independent up until it was
acquired by Facebook for $1.0 billion in 2012.
Facebook, Inc. is a social networking company that has
acquired 91 other companies, including WhatsApp. The
WhatsApp acquisition closed at a steep $16 billion; more than
$40 per user of the platform. Faceb0ok also purchased the
defunct company ConnectU in a court settlement and acquired
intellectual property formerly held by rival Friendster. The
majority of the companies acquired by Facebook are based
in the United States, and in turn, a large percentage of these
companies are based in or around the San Francisco Bay Area.
Facebook has also made investments in LuckyCal and Wildfire
Interactive.
0 Comments