Facebook acquires Instagram for $1 billion | TigerDroppings.com

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rickgrimes
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Member since Jan 2011
2999 posts

Facebook acquires Instagram for $1 billion



quote:

Facebook has agreed to buy photo sharing network Instagram for $1 billion in a combination of cash and stock, the company announced Monday.

It's Facebook's biggest acquisition ever, in both price and reach. With around 30 million active users, Instagram has the largest audience of any startup Facebook has purchased, Facebook CEO Mark Zuckerberg said in a blog post.

"We don't plan on doing many more of these, if any at all," Zuckerberg wrote. "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."

Founded in 2010 by Mike Krieger and Kevin Systrom, Instagram has just a handful of employees supporting its wildly popular photo app, which lets users add distinctive filters and visual flair to photos they've snapped on their smartphones.

The long-awaited Android version, released last week, racked up more than 1 million downloads in just 12 hours. The launch also met a backlash from iPhone users, who enjoyed having an exclusive hold on the stylish service.

Facebook likes to scoop up hot startups, kill their products, and redeploy their staff on other projects. That's definitely not the plan for Instagram, all the players insist.

"It's important to be clear that Instagram is not going away," Instagram's founders wrote on their company blog. "We'll continue to add new features to the product and find new ways to create a better mobile photos experience."

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I want to start a tech company or make an app or something. I wish I had some ideas that people haven't already done.







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Lee to Toliver
LSU Fan
Houston
Member since Oct 2011
4194 posts

re: Facebook acquires Instagram for $1 billion


Instagram is fricking stupid





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HeadChange
New Orleans Saints Fan
Abort gay babies
Member since May 2009
41861 posts

re: Facebook acquires Instagram for $1 billion


quote:

I wish I had some ideas that people haven't already done.

Would be a good place to start






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ScroatMaGoat
LSU Fan
Member since Dec 2011
2428 posts

re: Facebook acquires Instagram for $1 billion


well they are persistent i guess.





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Saku
Florida Fan
Atlanta
Member since Jan 2012
720 posts

re: Facebook acquires Instagram for $1 billion


Instagram is so good they got Facebook to buy them twice





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diddydirtyAubie
UCLA Fan
Bozeman
Member since Dec 2010
36147 posts

re: Facebook acquires Instagram for $1 billion


Zuckerberg is getting bored with all that money and is now buying stupid shite.





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WG_Dawg
Georgia Fan
Atlanta
Member since Jun 2004
40761 posts

re: Facebook acquires Instagram for $1 billion


quote:

Instagram is fricking stupid


Why? Didn't the article say it's a relatively small company with a handful of employees? A billion dollars to buy them sounds like a pretty good business move to me.






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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8703 posts

re: Facebook acquires Instagram for $1 billion


Instagram is apparently running too smoothly and Zuckerberg will pay a billion dollars to buy something and frick it up.

Facebook is stupid.. Instagram is apparently genius.






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Fewer Kilometers
LA-Lafayette Fan
Baton Rouge
Member since Dec 2007
8952 posts
 Online 

re: Facebook acquires Instagram for $1 billion


Someone explain the point of instagram to me?

Looks like people running their photos through filters as they post them?

That's a draw?






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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8703 posts

re: Facebook acquires Instagram for $1 billion



If you're into photography, it's a decent app.

You can follow photographers that post, or follow photo's posted by photographers on a subject you're interested in.






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Jim Rockford
LSU Fan
Member since May 2011
35059 posts

re: Facebook acquires Instagram for $1 billion


quote:

Zuckerberg is getting bored with all that money and is now buying stupid shite.


If Zuckerberg had gone to LSU we could have Tiger Stadium in low earth orbit by now.






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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8703 posts

re: Facebook acquires Instagram for $1 billion


quote:

people running their photos through filters


You can run photo's through a number of app's like Snapseed, Photoshop mobil and Instagram to create decent effects.
You'd be amazed (or not) at the pics that people produce using an iPhone.






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rballa19
LSU Fan
Lake Charles, LA
Member since Oct 2009
2040 posts

re: Facebook acquires Instagram for $1 billion


Yeah one of my friends is big in to instagram and makes some cool arse pictures with his phone.





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lighter345
New Orleans Pelicans Fan
Member since Jan 2009
10483 posts
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re: Facebook acquires Instagram for $1 billion


is this different from pinterest? When is facebook going to buy them.





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MrDrumngun
LSU Fan
Baton Rouge, LA
Member since Apr 2010
2301 posts

re: Facebook acquires Instagram for $1 billion


quote:

Instagram is fricking stupid



Agreed. I think it makes most photos look like crap.






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Cdawg
Mississippi St. Fan
TigerFred's Living Room
Member since Sep 2003
39947 posts
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re: Facebook acquires Instagram for $1 billion


quote:

I wish I had some ideas that people haven't already done.

Or take what's done and make it better.







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Enigma
New Orleans Saints Fan
Member since Jan 2008
6617 posts

re: Facebook acquires Instagram for $1 billion


I never understood the draw of it either...

We spend decades perfecting photography and now people want grainy, out of focus, faded photos to send to people?






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GFunk
LSU Fan
Denham Springs
Member since Feb 2011
8539 posts

re: Facebook acquires Instagram for $1 billion


Pretty simple math here: People were using Instagram for Social Photo Sharing at the expense of Facebook. Zuckerberg threw his net around them to make sure it all stays in-house.

Meanwhile, Google has one less social circle to cast its search-nets into.

I love all the folks who talk about Google being open who openly tout FB. Seeing as how FB won't let Google into its walled garden for search results. Google's in a real-bind to maintain relavance in its search-based business model with so much activity going on inside the walls of FB.

Once Apple gets its act together, its going to stop using Google Maps (I think they already do in some respects) & use that company they bought. After that, with Twitter baked in, I think Apple's gonna finally get with FB, & Google's really gonna be in a pinch.

With Siri easily and credibly positioned to eliminate Google from a vast chunk of mobile-search that they already enjoy & benefit monetarily from, if FB sides with Apple as they go Mobile (especially with perfecting HTML 5 standards like they seem to be pushing towards for mobile apps, etc), then Google's got some real issues to concern itself with.






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BottomlandBrew
LSU Fan
New Orleans
Member since Aug 2010
13130 posts

re: Facebook acquires Instagram for $1 billion


quote:

Someone explain the point of instagram to me?


Same point as facebook or twitter or any other social media.

Most of the people complaining about it taking pictures and then applying shitty filters are probably the same people that bitch about stupid people showing up in their facebook news feed. If you don't friend stupid people, or in Instagrams case, people with no artistic talent, then you're gonna have a bad time.

I much prefer to Instagram to Facebook or twitter. I'm a visual person. I like seeing other people's pictures and sharing my own. AI'd rather see that than someone on facebook updating "OMG! Worst day ever!"






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Titus Pullo
USA Fan
5100 miles SE of Dutch Harbor, AK
Member since Feb 2011
15622 posts

re: Facebook acquires Instagram for $1 billion


quote:

I want to start a tech company or make an app or something. I wish I had some ideas that people haven't already done.


That's a great idea. Why didn't I think of that?






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