Facebook Buys Instagram For 1 Billion Cash And Stock

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 6 years ago '06        #1
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Yung Dilla 1498 heat pts1498
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Facebook Buys Instagram For 1 Billion Cash And Stock
 

 

[pic - click to view]




[pic - click to view]



Facebook just bought Instagram for $1 billion in cash and stock.

Instagram is a mobile-only photo-sharing app. It grew from 1 million users in January 2011 to 15 million in December 2011. It has 30 million users now.

What's great about it is that it is very fast – especially compared to Facebook.

With the Facebook iPhone app, there are 6 screens a user has to go through before a user can actually take a picture. With Instagram, there is one.

In February, we described Instagram as the biggest threat to Facebook.

Mark Zuckerberg just announced the news on Facebook:

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

For years, we've focused on building the best experience for sharing photos with your friends and family. Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram's strengths and features rather than just trying to integrate everything into Facebook.

That's why we're committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand a.ssociated with it, and our goal is to help spread this app and brand to even more people.

We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.

These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram's experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook's strong engineering team and infrastructure.

This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. We don't plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.

We're looking forward to working with the Instagram team and to all of the great new experiences we're going to be able to build together.

Read more:
[pic - click to view]

 Facebook Buys Instagram For $1 Billion - Business Insider

67 comments for "Facebook Buys Instagram For 1 Billion Cash And Stock"

 6 years ago '10        #2
Fly Elroy 321 heat pts321
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[pic - click to view]



Facebook just bought Instagram for $1 billion in cash and stock.

Instagram is a mobile-only photo-sharing app. It grew from 1 million users in January 2011 to 15 million in December 2011. It has 30 million users now.

What's great about it is that it is very fast – especially compared to Facebook.

With the Facebook iPhone app, there are 6 screens a user has to go through before a user can actually take a picture. With Instagram, there is one.

Mark Zuckerberg just announced the news on Facebook:

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

For years, we've focused on building the best experience for sharing photos with your friends and family. Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram's strengths and features rather than just trying to integrate everything into Facebook.

That's why we're committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand a.ssociated with it, and our goal is to help spread this app and brand to even more people.

We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.

These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram's experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook's strong engineering team and infrastructure.

This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. We don't plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.

We're looking forward to working with the Instagram team and to all of the great new experiences we're going to be able to build together.
 6 years ago '06        #3
servesurite 42 heat pts42
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Wtf!!!!!
 6 years ago '05        #4
P-Hill|M 26 heat pts26
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*disables account*
 6 years ago '06        #5
Jhnnyblz427 188 heat pts188
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 6 years ago '10        #6
Hovi Bryant 676 heat pts676
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Funny, I just signed up for Instagram the other day.
 6 years ago '05        #7
TheChief 24 heat pts24
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Damn, Instagram won.
 6 years ago '06        #8
Special Edd 172 heat pts172
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what what wait whattttttttt
 04-09-2012, 11:50 AM         #9
LakeHawks 
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Feds bout to be on it

Wonder if this allows FB to store everybody info and pics who merges their FACEBOOK with instagram
 04-09-2012, 11:58 AM         #10
breakingbad 
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remember google bought youtube for 1.65 billion but


youtube actually made money lol
 04-09-2012, 12:18 PM         #11
J-R 
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i just deleted facebook..man i swear if they turn this into some bullsh*t i will have no use for social networks


Last edited by J-R; 04-09-2012 at 12:26 PM..
 6 years ago '05        #12
TheChief 24 heat pts24
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 J-R said:
i just deleted facebook
you can't delete it, you can "disable" it.


Post some p0rn, then they'll delete your sh*t.
 6 years ago '04        #13
Venom 29 heat pts29
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if iphone users was pissed about android getting instagram, wonder how would they feel when the whole world starts using it, just need a fb account
 6 years ago '04        #14
deadwrong03 91 heat pts91
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face book gonna buy twitter next
 6 years ago '04        #15
fat_boyy21 329 heat pts329
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this sucks... i was already upset that instagram didnt follow the guidelines and make their app look like an 'android' app.. now it's never going to happen cuz facebook sucks at making apps. it took them 2 years to make the facebook app decent.
 6 years ago '07        #16
Rob De Niro 120 heat pts120
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 TheChief said:
you can't delete it, you can "disable" it.


Post some p0rn, then they'll delete your sh*t.
you can delete your facebook


[video - click to view]

 6 years ago '07        #17
Rob De Niro 120 heat pts120
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in other news, fu*k facebook

instagram officially sucks now
 6 years ago '04        #18
fat_boyy21 329 heat pts329
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 Rob De Niro said:
you can delete your facebook

i 'deleted' my account before then reenabled it months later. they really do keep your account even though they say it's deleted


Last edited by fat_boyy21; 04-09-2012 at 03:13 PM..
 6 years ago '07        #19
Rob De Niro 120 heat pts120
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yeah a story came out of a girl deleting her facebook but people were still being able to see her pics. she found out and is now suing facebook for not deleting all data when asked to do so.

the government uses facebook to keep up with us so i wouldnt doubt it.

joining facebook is like smoking, you know its bad for you but you still do it
 6 years ago '11        #20
bkamagnum 
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i wish they would buy twitter monopoly
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