Facebook simply acquired Instagram for $1 billion in cash as well as stock.
Is Instagram Owned By Facebook
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 wonderful regarding it is that it is really fast - especially contrasted to Facebook.
With the Facebook iPhone application, there are 6 displays a user needs to go with before a user can really take a photo. With Instagram, there is one.
In February, we described Instagram as the biggest hazard to Facebook.
Mark Zuckerberg simply revealed the news on Facebook:
I'm delighted to share the news that we've consented to obtain Instagram which their skilled team will be joining Facebook.
For several years, we have actually concentrated on building the most effective experience for sharing pictures with your loved ones. Currently, we'll be able to work even more very closely with the Instagram team to likewise supply the most effective experiences for sharing stunning mobile photos with individuals based upon your rate of interests.
Our team believe these are different experiences that complement each other. However in order to do this well, we need to be mindful concerning maintaining and also improving Instagram's staminas and features as opposed to simply trying to incorporate whatever into Facebook.
That's why we're committed to building and also expanding Instagram separately. Countless people around the world enjoy the Instagram app and also the brand connected with it, and our objective is to aid spread this app and brand name to even more people.
We believe the truth that Instagram is linked to other solutions beyond Facebook is a fundamental part of the experience. We intend on maintaining attributes like the ability to post to various other social networks, the capacity to not share your Instagrams on Facebook if you want, and also the capacity to have fans and also follow individuals individually from your good friends on Facebook.
These and also several various other features are necessary parts of the Instagram experience and also we understand that. We will try to pick up from Instagram's experience to build similar attributes right into our other items. At the same time, we will certainly attempt to assist Instagram continue to grow by using Facebook's strong design team as well as framework.
This is a crucial milestone for Facebook because it's the very first time we have actually ever before obtained an item and also firm with numerous customers. We don't intend on doing a lot more of these, if any kind of in all. But giving the most effective image sharing experience is one reason why a lot of individuals enjoy Facebook as well as we understood it would certainly deserve bringing these 2 firms together.
We're eagerly anticipating collaborating with the Instagram team and also to every one of the great brand-new experiences we're mosting likely to be able to build together.
