The Federal Trade Commission accused the social media giant of illegal monopolization as it looks to reverse the high-profile acquisition, a deal that the FTC voted in favor of back when it was first announced. Facebook is not waiting for its initial public offering to make its first big purchase. In a surprise move, Facebook announced it had agreed to acquire photo sharing app Instagram for $1 … Facebook’s largest acquisition so far has been WhatsApp Messenger, which they purchased for $19 billion in February 2015. With around 30 million active users, Instagram has the largest audience of any startup Facebook has purchased, Facebook … During this wave of extreme growth, Mark Zuckerberg has acquired 72 companies till date. Facebook's Instagram acquisition: the billion-dollar story. Instagram became Facebook's 40th M&A transaction in its relatively short history—and it still ranks as its third-largest purchase since the start of 2007, per the PitchBook Platform. In its largest acquisition to date, the social network has purchased Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday. Mega Millions jackpot hits $865M, the third largest in US lottery … The FTC is suing Facebook to unwind its acquisitions of Instagram and WhatsApp. Facebook's pricey acquisition of Instagram sounded crazy in 2012, but it turned out to be a great purchase. And this doesn’t include its Facebook’s acquisitions like WhatsApp and Instagram, just to name a few. Facebook announced on Monday that it will pay $1 billion in cash and stock for photo-sharing application Instagram, making its largest-ever acquisition months before the No. Facebook wrapped up its $1 billion acquisition of Instagram on September 6, 2012. Facebook Acquires Instagram By March 2012, the app’s user base had grown to approximately 27 million users. It's Facebook's biggest acquisition ever, in both price and reach. But the price tag only tells part of the story behind the deal. In Facebook’s efforts to monetize the acquisition, Instagram announced in October last year to its over 150 million users that it will be introducing advertisements in feeds. Evan Niu, CFA (TMFNewCow) Dec 11, 2014 at 11:15AM Author Bio. 1 … Facebook's acquisition of Instagram recently hit the headlines, in spite of the deal taking place almost a decade ago. The app allows users to upload media that can be edited with filters and organized by hashtags and geographical tagging. In a July congressional hearing, Facebook CEO Mark Zuckerberg argued that the acquisition of Instagram and WhatsApp had allowed both services to grow and succeed, backed by Facebook’s investments. Instagram (commonly abbreviated to IG or Insta) is an American photo and video sharing social networking service created by Kevin Systrom and Mike Krieger.In April 2012, Facebook acquired the service for approximately US$1 billion in cash and stock. 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