Storify: Oh snap! Facebook is buying Instagram

Facebook is buying InstagramIn announcing the $1 billion deal to buy the popular photo app Instagram, Facebook CEO Mark Zuckerberg vowed Monday that the company is “committed to building and growing Instagram independently,” and that its users will continue to be able to post on other social networks. Skepticism abounds.

Levi Sumagaysay Levi Sumagaysay (2899 Posts)

Levi Sumagaysay is editor of the combined SiliconBeat and Good Morning Silicon Valley. She also blogs and is the online producer for SiliconValley.com, the Mercury News tech website. Email: lsumagaysay (at) mercurynews (dot-com).