This August, TechCrunch reported that Instagram was in talks with Facebook to acquire the company for as much as $1 billion. Instagram, which was founded in 2010, is based in San Francisco, and is a popular photography app that has more than 300 million users around the world. It was acquired by Facebook in 2012, and Facebook has since used Instagram to promote its other products, including Instagram Stories, and advertisements. Instagram has been a big investment for Facebook, and many think it has been one of the company's most successful acquisitions. However, Instagram's popularity has led to a lot of negative press coverage about the user data that Facebook has access to.