Instagram to hit over 50 million users thanks to Android launch, being bought by Facebook

It really is not easy to go a whole day without mentioning Instagram at this point. The photo sharing social networking app, which recently launched for Android, is approaching (may even have passed now) the 50 million registered user mark. Based on this, the king of social networking, Facebook, is purchasing Instagram for a cool 1 Billion dollars. That’s right, 1,000,000,000 dollars.

Instantly users hit the Internet to complain about the upcoming acquisition, worried that Facebook would ruin the experience users are accustom to. Quickly thereafter Facebook made a point of clearing the air, commenting that they would not change any core functions of Instagram, including the ability to share pictures with social networks other than Facebook.

For better or for worse, it seems the app is still growing, with downloads on Google Play over 5 million already, and being the number 1 free app on iTunes.

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