An image-based social network is the hottest news these days! Instagram, an image-based website who were into providing online photo sharing facilities to its users has now been acquired by Facebook to integrate its photo sharing services for millions of Facebook users scattered around the globe. Facebook spent a jaw dropping 1 billion USD in acquiring Instagram! Two things before we move on: 1. Instagram was just a 17-month old app at the time of acquisition. 2. … [Read more...]