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Facebook completes acquisition of Instagram

Facebook (FB) on Thursday officially completed its acquisition of Instagram. “As we said from the beginning, we are committed to building and growing Instagram independently. Mike Schroepfer, Facebook’s VP of engineering, said. “Instagram will continue to serve its community, and we will help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure.” The Instagram team confirmed that while it will be moving to Facebook’s Menlo Park offices, the popular photo application will “remain the same one you know and love.”

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