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Mark Zuckerburg just announced that Facebook has agreed to acquire the super-popular Instagram for a cool $1 billion. Facebook has been hard at work recently to improve its own built-in photo sharing and viewing experience, while Instagram recently released an Android client that was downloaded a million times on its day of release. Now, Facebook gets the Instagram team in-house, while acknowledging that it should be run independently and maintain all of its social sharing features. Get a look at the full announcement after the break.