is facebook and instagram owned by the same company
Most of Facebook's acquisitions have primarily been ``talent acquisitions'' and acquired products are often shut-down. Facebook CEO Mark Zuckerberg has stated in 2010 that ``We have not once bought a company for the company. We buy companies to get excellent people... In order to have a really entrepreneurial culture one of the key things is to make sure we're recruiting the best people. One of the ways to do this is to focus on acquiring great companies with great founders.'' The Instagram acquisition, announced on 2012-04-09, appears to have been the first exception to this pattern. While continuing with a pattern of primarily talent acquisitions, other notable product focused acquisitions include the $19 billion WhatsApp acquisition and the $2 billion Oculus VR acquisition.
List of mergers and acquisitions by Facebook