Facebook Answers Question of What You Can Buy with a Billion Dollars (Instagram)

Paul Lilly

Around 430,000 Android users signed up to be notified the moment Instagram would invite them to what's been an exclusive iOS party. When the doors opened, more than twice as many Android users crashed the party on the first day, much to the chagrin of iOS users , but much to the delight of Facebook, which has agreed to buy the photo sharing app for a cool $1 billion.

Facebook will fork over approximately a billion dollars through a combination of cash and shares of the social networking site. News of the sale sent shockwaves through the Instagram community who are fearful that Facebook will fudge everything up, though Facebook promises to be "mindful" of what made Instagram so popular in the first place.

"We need to be mindful about keeping and building on Instagram's strengths and features rather than just trying to integrate everything into Facebook," company founder and CEO Mark Zuckerberg said in a statement.

Zuckerberg said he's "committed to building and growing Instagram independently," and that the Instagram team will be joining Facebook. On the surface, he's saying all the right things, and perhaps this will be a good thing. Instagram's team is small, and though the Android app notched 5 million downloads in 6 days according to The Next Web , the general consensus is that it's a bit iOS-y and doesn't integrate as well as it could with Android's UI. That's something that could improve with Facebook's resources.

"It's important to be clear that Instagram is not going away. We'll be working with Facebook to evolve Instagram and build the network," Instagram CEO Kevin Systrom said in a blog post .

The question is, will Instagram users go away?

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