Facebook just announced on its blog that the company has purchased the popular photo sharing app Instagram for a cool $1 billion. The news comes shortly after Instagram just launched its popular Android app, which has seen great success.
But the real success of Instagram is over on iOS, where the app has exploded to be one of the top apps on the iTunes App Store. Before its release on Android, Instagram boasted over 30 million users and added 1 million the day Instagram launched on Android. Check out Facebook’s CEO Mark Zuckerburg’s announcement: