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Old Apr 9, 2012, 12:11 PM   #1
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Facebook Buys Instagram For $1 Billion






Facebook has announced it is buying the extremely popular photography app-maker Instagram for a reported $1 billion.

Facebook founder and CEO Mark Zuckerberg announced the acquisition in a blog post today:
Quote:
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 associated with it, and our goal is to help spread this app and brand to even more people.
Apple named Instagram its iPhone App of the Year for 2011. Instagram is also the 19th most downloaded free iPhone app of all-time. Instagram launched an Android app just last week.

Instagram is a free download on the App Store. [Direct Link]

Article Link: Facebook Buys Instagram For $1 Billion
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Old Apr 9, 2012, 12:12 PM   #2
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Booyah!
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Old Apr 9, 2012, 12:13 PM   #3
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wow! I might not use instagram anymore! The only reason i used instagram was to get away from the madness of facebook!

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Old Apr 9, 2012, 12:15 PM   #4
dBeats
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And that's why I'm never going to use it anymore...
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Old Apr 9, 2012, 12:15 PM   #5
gibbo132
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Well I guess thats the end of instagram! Joking aside I have mixed views about this!
Not really a fan of facebook anymore but maybe this will get me back using it more! Well its more an issue of people posting stuff on it rather than the companies I follow posting to it!
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Old Apr 9, 2012, 12:15 PM   #6
weing
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Well, like a lots of things about the WWW, Nice while it lasted....
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Old Apr 9, 2012, 12:15 PM   #7
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Originally Posted by dBeats View Post
And that's why I'm never going to use it anymore...
you're such a hipster...
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Old Apr 9, 2012, 12:16 PM   #8
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Any recommendations for a replacement app?
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Old Apr 9, 2012, 12:16 PM   #9
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Sweet. Next release will include 18 new bugs and 2 new features that might work!
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Old Apr 9, 2012, 12:17 PM   #10
jason2811
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Originally Posted by jasonxneo View Post
wow! I might not use instagram anymore! The only reason i used instagram was to get away from the madness of facebook!
Read the entire article, it explains that they will remain completely separate.
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Old Apr 9, 2012, 12:17 PM   #11
CJK
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oh well

Deleting my Instagram account even as we speak ...
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Old Apr 9, 2012, 12:18 PM   #12
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Read the entire article, it explains that they will remain completely separate.
And there's this bridge in NYC you might be interested in ...
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Old Apr 9, 2012, 12:18 PM   #13
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Originally Posted by Ambrose Chapel View Post
Any recommendations for a replacement app?
I'm still a big hipstamatic fan, but i love the control it has
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Old Apr 9, 2012, 12:19 PM   #14
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Any recommendations for a replacement app?
gifboom is nice. and pretty interesting. It lets you capture 20 frames and upload a gif.

The entire basis of the app is story telling and sharing via 20 frame gifs.
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Old Apr 9, 2012, 12:19 PM   #15
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Just as long as they don't try to model the Instagram app the way they did their Facebook app.
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Old Apr 9, 2012, 12:20 PM   #16
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i cannot blame instagram..if someone showed me 1 billion dollars right in front of my face..i would sell out so quick ..
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Old Apr 9, 2012, 12:20 PM   #17
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$1bn? Woa!

Interesting to see how they use this for Facebook.
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Old Apr 9, 2012, 12:21 PM   #18
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Time to delete instagram then.
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Old Apr 9, 2012, 12:21 PM   #19
dubprocess
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why is everyone so surprised..we all knew they were building a user base to exploit in the long run...it was a master plan to build up a free service so they could make money in the long run..
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Old Apr 9, 2012, 12:22 PM   #20
Drew n macs
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How about just working on A good facebook app?
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Old Apr 9, 2012, 12:23 PM   #21
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Big deal. Instagram is pointless anyways. "Here, have a look at this photo of my desk that I've filtered to make it look vintage!" Dumb.
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Old Apr 9, 2012, 12:23 PM   #22
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Camera + is better. If I want to beat the crap outta my pics, I'll do it in a proper photo-editing app. 'course, I am a hyper-nerd.
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Old Apr 9, 2012, 12:26 PM   #23
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Okay, whatever. I don't even use Instagram.

But a BILLION dollars? How in the hell can it be worth that much???

You can do pretty much the same thing with Twitter!
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Old Apr 9, 2012, 12:27 PM   #24
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whaha, all the people never wanting to use it anymore Hipsters
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Old Apr 9, 2012, 12:27 PM   #25
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A million dollars isn't cool... You know what's cool? A BILLION dollars.
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