Facebook bragged about buying Instagram to stamp out competitors, report claims Prison Planet.com Posted on February 27, 2019 Posted in Aggregated No Comments Tagged with Prison Planet Daily Mail | Facebook’s $1 billion acquisition of Instagram in 2012 is widely considered to be the smartest deal in the company’s 15-year history. Share this:Share Share on Facebook (Opens in new window) Facebook Share on Reddit (Opens in new window) Reddit Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Email a link to a friend (Opens in new window) Email