Instagram a photo sharing application. Its now bought by facebook. Instagram was used by many of the mobile users. As the Application was getting more and more popular Facebook thought that it will be a great asset for the photo sharing aspect. Instagram photos now will be owned by facebook is the new arisen question. This huge deal has now kept the mobile application owners at their toes.
If you have an application which is useful and very much popular then wait a minute you got a chance of getting a good amount from the mega giants. This purchase before the IPO has strengthened the the Facebook company in front of their investors. The evaluation of the Facebook IPO will be more and more massive. So if you own a useful application which is used by millions of users then your application might also be in surveillance by the mega giants. Till then keep improving!