Facebook acquires Instagram
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Facebook acquires Instagram
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Re: Facebook acquires Instagram
#2It's a little too late for April Fool's isn't it?
It seems strange that they're deciding to keep the Instagram social network up as its own independent social network, that leads me to think that their acquisition was really for their big data talent and not just to squash a smaller social network. I wish Mike Krieger's tech talk was more than two days away now, so we could hear about how they're going to merge with Facebook's big data issues too.
Re: Facebook acquires Instagram
#3[deleted]
Re: Facebook acquires Instagram
#4Can anyone hear the flush sound?
Re: Facebook acquires Instagram
#5I think it's cool and bold that he's sharing specific features of Instagram that they plan to preserve. It's bold because it increases the PR cost of changing those plans.
Re: Facebook acquires Instagram
#6It's a little too late for April Fool's isn't it? It seems strange that they're deciding to keep the Instagram social network up as its own independent social network, that leads me to think that their acquisition was really for their big data talent and not just to squash a smaller social network. I wish Mike Krieger's tech talk was more than two days away now, so we could hear about how they're going to merge with…
I can't believe this either...
Re: Facebook acquires Instagram
#7Posted a blog that (partly) talks about how Instagram poses a massive threat to Facebook TWO MINUTES before this broke. Needless to say, everyone's going to be reading Zuck and ignoring http://blog.thecityswig.com but it's a cool coincidence
Re: Facebook acquires Instagram
#8Congrats to Instagram! Can't say I am not bit disappointed though with all the startups getting gobbled up by much larger companies. What's next? Pinterest?
Re: Facebook acquires Instagram
#9According 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 quarter.
Re: Facebook acquires Instagram
#10I had been wondering how a product like Instagram would ever make money. Now we'll never find out. I guess traction really does trump all other business metrics.