Instagram Owned by Facebook

Facebook simply purchased Instagram for $1 billion in cash money as well as stock.

Instagram Owned By Facebook

Facebook Buy Instagram

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

What's fantastic concerning it is that it is extremely rapid - specifically contrasted to Facebook.

With the Facebook iPhone app, there are 6 screens an individual needs to go through prior to a user can in fact take a picture. With Instagram, there is one.

In February, we defined Instagram as the most significant threat to Facebook.

Mark Zuckerberg simply announced the information on Facebook:

I'm thrilled to share the news that we have actually accepted obtain Instagram and that their skilled group will be joining Facebook.

For years, we have actually focused on developing the best experience for sharing pictures with your family and friends. Now, we'll be able to work much more closely with the Instagram team to also use the most effective experiences for sharing lovely mobile photos with individuals based upon your passions.

Our team believe these are different experiences that match each other. But in order to do this well, we need to be mindful concerning maintaining and also building on Instagram's toughness and attributes as opposed to just attempting to incorporate everything into Facebook.

That's why we're dedicated to building and also growing Instagram individually. Countless people around the world enjoy the Instagram app and the brand connected with it, and also our goal is to assist spread this application and brand name to even more individuals.

We believe the fact that Instagram is attached to other services beyond Facebook is an important part of the experience. We plan on keeping attributes like the capacity to post to various other social media networks, the capability to not share your Instagrams on Facebook if you desire, as well as the capability to have followers and follow individuals individually from your good friends on Facebook.

These as well as many other attributes are important parts of the Instagram experience and we understand that. We will certainly attempt to gain from Instagram's experience to construct comparable attributes into our other items. At the same time, we will certainly try to aid Instagram continue to expand by using Facebook's strong design group and infrastructure.

This is a crucial landmark for Facebook because it's the first time we have actually ever before acquired a product and also firm with a lot of users. We don't intend on doing a lot more of these, if any kind of at all. Yet supplying the best photo sharing experience is one reason that numerous people love Facebook and we knew it would certainly be worth bringing these 2 firms together.

We're eagerly anticipating dealing with the Instagram group and to every one of the great new experiences we're mosting likely to have the ability to develop with each other.