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April 9, 2012

Facebook Buys Instagram

Facebook is buying Instagram for $1 billion in cash and stock. That’s one dollar for every crazy scenario we can now consider, including what all this will mean for Flickr given the recent (ongoing?) troubles at Yahoo and whether or not this is a sign that Facebook has finally won the internet (or at least, that they would have won the internet if they avoided that whole going public thing, which I think is going to be bad news for them in the long term).