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Facebook: The photos

August 29, 2012, at 2:15 PM
Though Instagram was "sold" to Facebook for $1 billion, no money has changed hands yet, and since part of the deal was stock-based, Instagram will now only collect some $700 million.

Though Instagram was "sold" to Facebook for $1 billion, no money has changed hands yet, and since part of the deal was stock-based, Instagram will now only collect some $700 million. Photo: CC BY:ilamont.com

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