http://nma.tv<br />Facebook has announced it will pay $1 billion in cash and stock to acquire photo-sharing app Instagram.<br /><br />The deal will make founders Kevin Systrom and Mike Krieger and the other approximately 12 staff at Instagram instant millionaires (at least in Mark Zuckerberg funny money).<br /><br />Industry watchers have said the move will help Facebook in an area it has traditionally struggled in — photo editing.<br /><br />Others have questioned the logic of paying so much for a company with no revenue stream and no obvious business plan.<br /><br />The acquisition comes just a week after Instagram secured $50 million in funding from investors including Sequoia Capital that valued Instagram at $500 million.<br /><br />Instagram recently became available on Android after initially only offering an app for Apple iOS.<br /><br />Here's a list of Instagram alternatives for those worried about Instagram Facebook privacy.
