#facebook acquires instagram

Days after Instagram released its Android app, Facebook has already announced that it has agreed to buy the mobile photo-sharing service for a cool $1 billion in cash and stocks (apparently, the biggest acquisition Facebook has ever made). The announcement was posted on the Instagram blog a couple of hours ago as well as the Facebook Timeline of Mark Zuckerberg. Instagram still does not make any money off of the app but could still enjoy that same status much longer now that it's under Facebook's helm. Meta has announced new updates to its Teen Accounts program, expanding safety features for young users across Facebook, Instagram, and Messenger. Meta has announced the global rollout of new subscription plans for Facebook, Instagram, and WhatsApp, adding paid features across its social media and messaging platforms. The company introduced Facebook Plus and Instagram Plus, both priced at $3.99 per month, while WhatsApp Plus will cost $2.99 monthly. Facebook Plus and Instagram Plus subscribers will get access to new features focused mainly on Stories and profile customization. Meta has start rolling out a subscription for users to not receive ads on Facebook and Instagram. Read more in our articles including "Facebook buys Instagram for $1 Billion" and "Meta strengthens teen protections across Facebook, Instagram, and Messenger".