Zuckerberg

Facebook’s Mark Zuckerberg just announced that the social network has acquired photo-sharing app “Instagram” for $1 billion. Instagram’s CEO Kevin Systrom also made a statement through the company’s blog and confirmed it will “be working with Facebook to evolve Instagram and build the network.” Instagram’s Android app just launched last week to nearly 2,000 signups a minute and a million downloads in 24 hours.

Zuckerberg’s full announcement is below, and Facebook’s official press release is here:

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[youtube=”http://www.youtube.com/watch?feature=player_embedded&v=KQlPCflWP9k#!”]

Coming up tonight on Charlie Rose, Mark Zuckerburg has made comment that “Google is building their own little version of Facebook”. While that was certainly a hit towards Google, Zuckerburg was happy to give props to Amazon and Apple as partners.

Amazon and Apple “are extremely aligned with us,” said Zuckerberg. “We have a lot of conversations with people at both companies just trying to figure out ways that we can do more together, and there is just a lot of reception there.” Meanwhile, “Google, I think, in some ways, is more competitive and certainly is trying to build their own little version of Facebook,” Zuckerberg said.

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