2012 Year in Review: Technology

Facebook buys Instagram

On April 9, Facebook CEO Mark Zuckerberg announced that the social network planned to acquire Instagram, the popular photo-sharing mobile app. It was later reported the deal was for a whopping $1 billion.

Facebook's purchase of Instagram was finalized in September for $715.3 million -- $300 million of it in cash and the rest in stock.

Credit: Facebook/Instagram