This move doesn't come as much of a surprise, given that following its acquisition of the firm; Facebook moved Instagram staffers into its offices and has been working closely alongside them. Facebook announced earlier this year that it would acquire Instagram for $1 billion, and closed the deal in September. At that time, Instagram announced that over five billion photos had been shared across its network.
The move might have been spurred by Instagram's recent falling out with Twitter (News - Alert), despite reports that the microblogging website once tried to acquire the photo sharing app.
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Edited by Brooke Neuman