By now you probably have heard about Facebook acquiring Instagram. We are fans of Instagram. I was surprised by how strong a reaction I had when I heard the news. Here is what the web is saying about the acquisition:

• Mark Zuckerberg's blog post at Facebook announcing the transaction.
• Instagram CEO Kevin Systrom's blog post announcing the news.
• #facegram: Users React to Facebook's $1 Billion Instagram Deal.
• Facebook and Instagram: When Your Favorite App Sells Out.
• Why is Instagram worth $1 billion to Facebook and Zuckerberg?
• Instagram’s Buyout: No Bubble to See Here.
• Behind the Scenes at Instagram: Tools for Building Reliable Web Services.
• Topping 5 Million Android Downloads, Instagram Shows No Signs of Slowing.
• Why Facebook bought Instagram for a billion dollars.

 

A mid-week treat of assorted links.