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Facebook and YouTube focus on photo sharing

Facebook and YouTube launch photo-sharing apps

Facebook has launched a photo-sharing app just weeks after agreeing to acquire Instagram, while Google–owned YouTube has introduced an app which enables users to take photos at events when they are not physically there.

Facebook snaps up Instagram

Instagram has 30 million mobiel users

Photo sharing startup Instagram has been acquired by social darling Facebook for an estimated $1bn, or a quarter of the network’s 2011 revenues.