Facebook Bought Instagram

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

Facebook Bought Instagram

Facebook Buy Instagram

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 individuals now.

What's terrific about it is that it is really rapid - especially compared to Facebook.

With the Facebook apple iphone application, there are 6 screens a user has to go via prior to a user can in fact take an image. With Instagram, there is one.

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

Mark Zuckerberg just revealed the news on Facebook:

I'm excited to share the news that we have actually consented to get Instagram which their skilled group will be joining Facebook.

For years, we've concentrated on building the best experience for sharing pictures with your loved ones. Now, we'll be able to work much more carefully with the Instagram team to additionally supply the most effective experiences for sharing gorgeous mobile pictures with people based upon your rate of interests.

We believe these are different experiences that enhance each other. Yet in order to do this well, we require to be conscious regarding maintaining as well as building on Instagram's toughness as well as features as opposed to just attempting to integrate everything right into Facebook.

That's why we're committed to building and also expanding Instagram independently. Countless people around the world love the Instagram app and the brand name related to it, and also our goal is to aid spread this app as well as brand to a lot more individuals.

We assume the fact that Instagram is attached to other services beyond Facebook is a fundamental part of the experience. We plan on keeping features like the capability to post to other social media networks, the capability to not share your Instagrams on Facebook if you desire, as well as the ability to have fans and also adhere to individuals independently from your good friends on Facebook.

These and also numerous various other attributes are important parts of the Instagram experience and we understand that. We will try to pick up from Instagram's experience to construct comparable attributes right into our other products. At the same time, we will certainly attempt to aid Instagram continue to grow by utilizing Facebook's solid design group and also infrastructure.

This is an essential landmark for Facebook since it's the very first time we have actually ever acquired an item and also company with many individuals. We don't intend on doing much more of these, if any kind of in any way. But offering the very best photo sharing experience is one reason so many individuals like Facebook and also we knew it would deserve bringing these 2 companies together.

We're anticipating collaborating with the Instagram group and to every one of the wonderful brand-new experiences we're mosting likely to be able to construct together.