Yes it is. See "Expect a 6 month freeze on Facebook’s Instagram acquisition" htt... | Hacker News

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		tommi on May 24, 2012 \| parent \| context \| favorite \| on: Introducing Facebook Camera Yes it is. See "Expect a 6 month freeze on Facebook’s Instagram acquisition" https://hackertimes.com/item?id=3965961

hornokplease on May 24, 2012 [–]

From another article on Facebook Camera:

"Stoop confirmed to [All Things D] that Instagram CEO Kevin Systrom and his team had nothing to do with building Facebook Camera."

Source: http://allthingsd.com/20120524/as-facebook-launches-a-standa...

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