Bloomberg News

Facebook Chases Mobile Devices

April 10, 2012

Bloomberg's Sara Eisen reports that Facebook Inc. (FB:US), the biggest social-networking service, is buying the Instagram mobile photo-sharing application for about $1 billion in cash and stock, using its biggest acquisition yet to lure users of mobile devices. She speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

Running Time: 04:07


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • FB
    (Facebook Inc)
    • $80.04 USD
    • 1.67
    • 2.09%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus