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)

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Companies Mentioned

  • FB
    (Facebook Inc)
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