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Facebook acquires Instagram

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Re: Facebook acquires Instagram

#91

Post by yawn »

amirhhz wrote: post #83
kylec wrote: post #18

Some of you might find this useful: https://instagram.com/accounts/remove/request/

When I read the headline I thought two things: a) Wow, the Instagram guys deserve it, congrats to them. b) I need to delete my account. The second point is because I have been actively trying to avoid giving fb more data than absolutely necessary. No ill will towards Instagram.

Same reaction here. Pretty sad to delete it, actually. The other day I was using Instagram as an example of a social app with a friend list that WASN'T Facebook. sigh

Edit: spelling.

Re: Facebook acquires Instagram

#92

Post by cheap »

amirhhz wrote: post #83
kylec wrote: post #18

Some of you might find this useful: https://instagram.com/accounts/remove/request/

When I read the headline I thought two things: a) Wow, the Instagram guys deserve it, congrats to them. b) I need to delete my account. The second point is because I have been actively trying to avoid giving fb more data than absolutely necessary. No ill will towards Instagram.

This was EXACTLY my feelings. I sat down after lunch, read the headline, opened up my browser, changed my user profile information and deactivated my account. Good luck Instagram, but I can't stand Zuckerborg.

Re: Facebook acquires Instagram

#94

Post by rhizome »

jsm386 wrote: post #9

According to WSJ price is $1B source: http://allthingsd.com/20120409/breaking-facebook-to-acquire-... Edit: Direct Source: http://newsroom.fb.com/Announcements/Facebook-to-Acquire-Ins... The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this…

What are the odds that that figure is actually in real dollars?

Re: Facebook acquires Instagram

#95

Post by wensing »

The main reason they were acquired? Not the tech, not the audience (does FB need either?). I guess for the brand + engagement? Someone said as a defense against the big G acquiring them later - sounds plausible?

Re: Facebook acquires Instagram

#96

Post by marcamillion »

Toddward wrote: post #26
jsm386 wrote: post #9

According to WSJ price is $1B source: http://allthingsd.com/20120409/breaking-facebook-to-acquire-... Edit: Direct Source: http://newsroom.fb.com/Announcements/Facebook-to-Acquire-Ins... The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this…

Quite a jump from the $500 million valuation they were shooting for last week[1]. [1] http://techcrunch.com/2012/03/08/no-filter-required-instagra...

I think the mere fact that they just raised $50M @ $500M valuation is the reason that this price is so high.

Those investors in that round had to at least double their money...if the price was indeed $1B, that's all they did. Just 2X. Although, the argument can be made that a 2X return in 1 - 2 months isn't bad...but then again, VC funds don't have a 2 month life, so over the long-term value (i.e. 10 years most-times) of that fund I am not sure how beneficial that is.

Although, I guess they can't be too pissed because it must feel good to be able to at least return something to their LPs in such a short time frame.

Re: Facebook acquires Instagram

#97

Post by dkasper »

draggnar wrote: post #44
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...

Is it against some regulation to do negotiations concurrently?

No. Some deals will include "no-shop" and other similar clauses to prevent this sort of thing, but it's definitely not a requirement.

Re: Facebook acquires Instagram

#98

Post by cheap »

randomdata wrote: post #34
statictype wrote: post #16

How many photo-related startups has Facebook acquired now? And what do they gain from Instagram? A user base? Most of them are probably already on Facebook? Technology for handling photos? Doesn't Facebook already do this as well as anyone else? Design and UI talent for mobile apps? Don't they already have Mike Matas?

Perhaps they just see Instagram as a threat? If everyone is sharing their photos on Instagram, they are not doing so on Facebook.

This is why I loved Instagram and Twitter, it wasn't Facebook... where people I don't even know anymore are all my best friends.

Re: Facebook acquires Instagram

#99

Post by nilsbunger »

Zuck's announcement seems really thoughtful and authentic. He hit on a bunch of things people would be worried about -- whether things would automatically post, whether you can maintain a separate follower list from your FB list. He showed respect and humility towards Instagram's follower model, and interest in bringing it into other products. I'm impressed.
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