Facebook Reaches 1 billion Users (jan 1, 2012 – may 1, 2012)
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Facebook reaches 1 billion monthly active users, making it the dominant social network worldwide. The company buys Instagram for $1 billion. Also South Korean music star PSY’s “Gangnam Style” video surpasses Justin Bieber’s “Baby” as the most viewed video ever on youtube, with over 800 million views.
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