Fresh off its release on Android, Instagram, the photo sharing app, was snatched up by Facebook for a reported $1bn in cash and stock on Monday. The blogosphere was buzzing with part shock, part disgust. But above all, the deal was seen as an indicator of how concerned Mark Zuckerberg is about Facebook’s weakness in moving into the mobile world. Read more
© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.