Facebook's 'billion dollar' Instagram acquisition to actually cost $715 million

After all the dust has settled, Facebook’s much-hyped "billion dollar" acquisition of photo sharing service Instagram is actually costing the company considerably less — $715 million, to be more precise. As reported by The Next Web, the value of the deal has fallen significantly thanks to Facebook's falling share price. The results were made public in the company's quarterly report; its second since its May IPO. So far, Facebook has paid $521 million in cash and stock So far, Faceb...