Hell of an acquisition by Zuckerberg
And shame on the government for not doing any due diligence in trying to prevent this acquisition/monopoly.
When the acqusition happened instagram was not large enough.
Instagram Is Estimated to Be Worth More Than $100B
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Re: Instagram Is Estimated to Be Worth More Than $100B
#52I wonder about Instagram's success if they had decided to reject the Facebook acquisition. While there's no way to know who got the better end of the deal, it would be better for the tech ecosystem to have more large players and their success feels inevitable in hindsight.
I guess they could’ve made more effort to cater to professional photographers (and steal marketshare from Flickr and 500px and similar) and offered paid plans.
Re: Instagram Is Estimated to Be Worth More Than $100B
#53Re: Instagram Is Estimated to Be Worth More Than $100B
#54Earlier quoted context omitted.
Well, I think FB has probably lost 100B in value, and as someone who stopped using FB this year because I dont enjoy it anymore- I moved to instagram and twitter. Mind you, 100B for an app that is filled with bots and corporate accounts makes me think whoever did the valuation has never actually used IG.
Facebook owns Instagram, so they haven't really lost you, have they?
That was my point with that sentence. They still have me.
Re: Instagram Is Estimated to Be Worth More Than $100B
#55I have some adult friends spending 1 or 2 hours a day on Instagram. I can’t even imagine how much time millenials spend on it.
> I have some adult friends spending 1 or 2 hours a day on Instagram. I can’t even imagine how much time millenials spend on it. Millenials are now all adults. :) A good chunk of the millennial generation is now in the child-having and house-buying (well, maybe not the later, too many avocados) stage of life!
An improved, AI-powered browser extension that correctly does the Snake People transform would be a sweet Show HN. "A good chunk of the snake people generation are in the egg-laying and burrow-buying (well, maybe not the latter, too many baby mice) stage of life!"
Re: Instagram Is Estimated to Be Worth More Than $100B
#56No wonder. Anecdotal of course, but I see my friends spending more time on instagram and people on the train or bus browsing instagram. I don't remember seeing FB on someone's mobile in the last 6 months. It will only grow bigger and at some point when it becomes too big, you see less friends posts and more advts and people move on to something else. But for next 2 years, Instagram's going to be Yuuuge.(Huge)
They are at that too big stage already. Even started abusing network effect monopoly and breaking UX to direct more attention towards ads.
Re: Instagram Is Estimated to Be Worth More Than $100B
#57[deleted]
Re: Instagram Is Estimated to Be Worth More Than $100B
#58Fun to review how many HN commenters pooh-poohed the acquisition and price back in 2012:
Re: Instagram Is Estimated to Be Worth More Than $100B
#59I have some adult friends spending 1 or 2 hours a day on Instagram. I can’t even imagine how much time millenials spend on it.
Do you know what a breakdown of that time would be like? I can't imagine spending an hour on instagram, unless they follow a lot of people with stories and always keep up with them.
They follow a ton of people and also spend a good amount of time posting their own photos/moments.
Re: Instagram Is Estimated to Be Worth More Than $100B
#60I remember the outrage when Zuckerberg bought Insta for $1bn. The Internet was filled with bubble-theorist.
Say what you want about Zuckerberg but the guy was well ahead of his time and could see how things would evolve and what tick with people brains.