Facebook graveyard: Was Instagram acquired to shut It down?

April 11, 2012 11:38

When Mark Zuckerberg's social network acquired the photo app Instagram this week, there was instant speculation about whether the popular photo-sharing service, for which Facebook laid out a cool $1 billion, will survive. Those fears aren't unfounded: in 2010, Zuckerberg told a crowd of aspiring startup owners, "We have not once bought a company for the company. We buy companies to get excellent people.'

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