AOL has acquired Hipster, maker of iOS and Android photo-sharing apps with a local emphasis....

|About: AOL Inc. (AOL)|By:, SA News Editor
AOL has acquired Hipster, maker of iOS and Android photo-sharing apps with a local emphasis. Hipster claims over 100K users, a small fraction of the 27M claimed by rival Instagram. The move comes as AOL initiates a major round of layoffs (I, II).