Facebook's tying knot with Instagram- just a coincidence with Google?

Recently it was announced that social networking giant Facebook Inc. will be acquiring the fast and beautiful photo sharing application Instagram. Is this just a coincidence with Google's acquisition of Picnik?

Recently I covered an article about Google's acquisition of the so-popular Picnik for its Google+ developments(read now) and this week we have Facebook taking over Instagram in News.

I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook.  -Mark Zuckerberg.

This is supposed to be Facebook's strategy to keep pace with its competitor Google+ which already has reached 170M+ users in this short period of time.


While Picnik has announced that it will discontinue its services for the public this April, Instagram is tight lipped about whether all their old services will be available after the acquisition or not.