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Instagram is used on an iPhone Monday, April 9, 2012, in New York. Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network's largest acquisition ever. Instagram lets people apply filters to photos they snap with their mobile devices and share them with friends and strangers. (AP Photo/Karly Domb Sadof)

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Facebook buying photo-share app Instagram for $1B

Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network's largest acquisition ever.

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