Facebook acquires Instagram • Hacker News Board

cmer wrote: post #17

According to Crunchbase and Techcrunch, they raised $40M just a month ago at a $500M valuation. Something doesn't add up here. A billion dollar deal like this had to take more than a couple of weeks to close... http://techcrunch.com/2012/03/08/no-filter-required-instagra...

"poised to pick up another round of funding" doesn't mean that the funding round has actually closed. Sounds to me like they were keeping their options open, using the threat of raising another VC round to get Facebook to hurry up with an offer.

Re: Facebook acquires Instagram

#55

Post by envex » Mon, Apr 09, 2012, 5:16 PM UTC

callmeed wrote: post #37

You know, I used to be pretty lax (careless, even) about geotagging all my Instagram photos. Now, should I continue to use Instagram at all, I'm definitely not going to share my location.

Just curious, but why the change of heart?

Re: Facebook acquires Instagram

#56

Post by tptacek » Mon, Apr 09, 2012, 5:16 PM UTC

j_baker wrote: post #49

tptacek wrote: post #25

Earlier quoted context omitted.

I feel like I can safely declare that there is no such thing as a one billion dollar talent acquisition.

Well, it certainly wouldn't happen if your company employs anyone other than Turing, Einstein, Dijkstra, and Knuth. That said, that doesn't mean that the talent isn't inflating the price at least a little bit.

Having Turing, Einstein, Dijkstra and Knuth on your team seems like the kiss of death.

Re: Facebook acquires Instagram

#57

Post by mikecane » Mon, Apr 09, 2012, 5:17 PM UTC

Now before you all wonder about that valuation and technology, consider that Zuckerberg is actually buying the users and their data.

Anyone recall this back in the day? Yahoo! buying BCST.com http://money.cnn.com/1999/04/01/deals/yahoo/

Re: Facebook acquires Instagram

#58

Post by skrish » Mon, Apr 09, 2012, 5:17 PM UTC

fredsters_s wrote: post #43

j_baker wrote: post #28

I have to say: it's nice to see an acquisition where the product is valued enough to not be summarily taken out back and shot. I'm curious how it fits into Facebook's product strategy though. It doesn't seem to be their style to keep a brand around that doesn't help their main brand somehow.

wait - you think this is actually true?

Is your question about the acquisition itself or that service will be continued?

Re: Facebook acquires Instagram

#59

Post by joshbaptiste » Mon, Apr 09, 2012, 5:17 PM UTC

Congrats to Instagram, Django-powered projects making it big.

Re: Facebook acquires Instagram

#60

Post by brackin » Mon, Apr 09, 2012, 5:17 PM UTC

cmer wrote: post #17

According to Crunchbase and Techcrunch, they raised $40M just a month ago at a $500M valuation. Something doesn't add up here. A billion dollar deal like this had to take more than a couple of weeks to close... http://techcrunch.com/2012/03/08/no-filter-required-instagra...

It was announced then, could have been raised in 2011 or earlier this year.