Facebook buys Instagram photo sharing network for $1bn - GoFuckYourself.com

DVTimes · 04-09-2012, 11:02 AM

Facebook has announced it is to buy Instagram - the popular photo-sharing smartphone app.

Facebook is paying $1bn (£629m) in cash and stock for the takeover.

Instagram was only launched in October 2010 - initially just for the iPhone before being offered as an Android app last week.

Facebook's chief executive Mark Zuckerberg has pledged to continue to develop Instagram as a separate brand, allowing it to post to rival networks.

The app is free and allows users to apply 17 filters to the pictures they take - changing the colour balance to give the images a different feel - before they are uploaded.

It has proven hugely popular. The firm says that it has more than 30 million users uploading more than 5 million new pictures every day.

http://www.bbc.co.uk/news/technology-17658264

candyflip · 04-09-2012, 11:05 AM

I'm sure they'll roll this all into Facebook at some point, but I really like that they're sort of separate and hope they keep them that way.

TheStout · 04-09-2012, 11:07 AM

Quote:

Originally Posted by candyflip

I'm sure they'll roll this all into Facebook at some point, but I really like that they're sort of separate and hope they keep them that way.

Zuckerberg said today he plans to run them separately and actually wants to build the Instagram brand as opposed to blend it with Facebook.

Bladewire · 04-09-2012, 11:18 AM

Quote:

Originally Posted by TheStout

Zuckerberg said today he plans to run them separately and actually wants to build the Instagram brand as opposed to blend it with Facebook.

Yet Zuckerberg makes a huge public announcement that he's bought Instagram for $1bn and brags about it.

THE TRUTH: It's an "in your face" to other social networks and IPhone that now Facebook has access to images posted on their services with Instagram, including Facebooks facial recognition software. Your Big Brother is Zuckerberg

Lykos · 04-09-2012, 11:20 AM

WOW This is huge !

bronco67 · 04-09-2012, 11:20 AM

So they need more options for everyone to waste time looking at baby pictures and drunk office parties?

Fap · 04-09-2012, 11:35 AM

smart purchase, biggest photo sharing site in the world buying a nice addition

Supz · 04-09-2012, 12:32 PM

DateDoc · 04-09-2012, 12:33 PM

VC wet dream!!!! Invest in a company that makes no money and sell it for $1 billion. Sequoia was just about to invest $50 million in Instagram giving them a $500 million valuation. Looks like they lost out. Facebook doubled that valuation and bought the whole thing!

http://allthingsd.com/20120406/sequo...for-instagram/

$5 submissions · 04-09-2012, 01:24 PM

Reminds me of GeoCities

AdultRev · 04-09-2012, 01:35 PM

Also shows that FB is not acquisition shy. A 1B buy is nothing to scoff at. More and more it seems like they're taking a google approach to business. It's still early for FB of course but this is an interesting move.

pimpmaster9000 · 04-09-2012, 01:44 PM

Twitter uses instagram heavily

Sarah_Jayne · 04-09-2012, 01:45 PM

Instagram is just about the only social tool/app that I use just for my own fun. I guess I should have figured that eventually Facebook would try to snap it up. I can be sure I am going to be reading the next terms update on Instagram very carefully.

scottybuzz · 04-09-2012, 01:46 PM

1 billion? wtf?? how.

Jakez · 04-09-2012, 01:46 PM

What companies in history have grown from nothing to being worth $1 billion in such a short period of time like all this internet shit has?

DamianJ · 04-09-2012, 01:50 PM

Quote:

Originally Posted by Jakez

What companies in history have grown from nothing to being worth $1 billion in such a short period of time like all this internet shit has?

Paulmarkhamteens.com

04-09-2012, 11:02 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	Facebook buys Instagram photo sharing network for $1bn Facebook has announced it is to buy Instagram - the popular photo-sharing smartphone app. Facebook is paying $1bn (£629m) in cash and stock for the takeover. Instagram was only launched in October 2010 - initially just for the iPhone before being offered as an Android app last week. Facebook's chief executive Mark Zuckerberg has pledged to continue to develop Instagram as a separate brand, allowing it to post to rival networks. The app is free and allows users to apply 17 filters to the pictures they take - changing the colour balance to give the images a different feel - before they are uploaded. It has proven hugely popular. The firm says that it has more than 30 million users uploading more than 5 million new pictures every day. http://www.bbc.co.uk/news/technology-17658264 __________________ The Affiliate Program

04-09-2012, 11:05 AM	#2
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,052	I'm sure they'll roll this all into Facebook at some point, but I really like that they're sort of separate and hope they keep them that way. __________________ Spend you some brain. Email Me

04-09-2012, 11:20 AM	#5
Lykos Too lazy to set a custom title Industry Role: Join Date: Apr 2003 Location: World Posts: 31,017	WOW This is huge ! __________________

04-09-2012, 11:20 AM	#6
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,035	So they need more options for everyone to waste time looking at baby pictures and drunk office parties? __________________

04-09-2012, 12:33 PM	#9
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	VC wet dream!!!! Invest in a company that makes no money and sell it for $1 billion. Sequoia was just about to invest $50 million in Instagram giving them a $500 million valuation. Looks like they lost out. Facebook doubled that valuation and bought the whole thing! http://allthingsd.com/20120406/sequo...for-instagram/ __________________ Last edited by DateDoc; 04-09-2012 at 12:34 PM..

04-09-2012, 11:35 AM	#7
Fap Just Du It Industry Role: Join Date: Feb 2004 Posts: 12,094	smart purchase, biggest photo sharing site in the world buying a nice addition

04-09-2012, 12:32 PM	#8
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056

04-09-2012, 01:24 PM	#10
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Reminds me of GeoCities __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

04-09-2012, 01:35 PM	#11
AdultRev Registered User Industry Role: Join Date: Mar 2012 Location: Las Vegas, NV Posts: 49	Also shows that FB is not acquisition shy. A 1B buy is nothing to scoff at. More and more it seems like they're taking a google approach to business. It's still early for FB of course but this is an interesting move.

04-09-2012, 01:44 PM	#12
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	Twitter uses instagram heavily

04-09-2012, 01:45 PM	#13
Sarah_Jayne Now with more Jayne Industry Role: Join Date: Dec 2002 Location: Los Angeles Posts: 40,077	Instagram is just about the only social tool/app that I use just for my own fun. I guess I should have figured that eventually Facebook would try to snap it up. I can be sure I am going to be reading the next terms update on Instagram very carefully.

04-09-2012, 01:46 PM	#14
scottybuzz Too lazy to set a custom title Industry Role: Join Date: May 2006 Location: NY Posts: 14,800	1 billion? wtf?? how. __________________ $$$$$ MAKE HUGE MONEY IN CAMS - CLICK HERE $$$$$

04-09-2012, 01:46 PM	#15
Jakez Confirmed User Industry Role: Join Date: Jan 2004 Location: oddfuturewolfgangkillthemall!!!!!!! Posts: 5,656	What companies in history have grown from nothing to being worth $1 billion in such a short period of time like all this internet shit has? __________________ [email protected] - jakezdumb - 573689400 Killuminati