http://news.cnet.com/8301-1023_3-57411339-93/facebook-likes-instagram-with-$1b-price-tag/Facebook, just weeks away from what's expected to be the biggest Internet IPO in history, today signed a deal to acquire the hugely popular photo-sharing smartphone app Instagram in a cash and stock deal valued at about $1 billion.
The launch of the android app makes a lot of sense now.