When Did Facebook Buy Instagram

Facebook simply bought Instagram for $1 billion in cash money and stock.

When Did Facebook Buy Instagram



Facebook Buy Instagram


Instagram is a mobile-only photo-sharing application. It expanded from 1 million individuals in January 2011 to 15 million in December 2011. It has 30 million customers currently.

What's wonderful about it is that it is extremely fast - particularly compared to Facebook.

With the Facebook iPhone app, there are 6 screens a customer has to go with before a user can in fact take an image. With Instagram, there is one.

In February, we explained Instagram as the most significant hazard to Facebook.

Mark Zuckerberg simply introduced the information on Facebook:

I'm thrilled to share the information that we have actually agreed to acquire Instagram which their skilled team will certainly be joining Facebook.

For several years, we have actually focused on developing the very best experience for sharing photos with your friends and family. Currently, we'll be able to function a lot more very closely with the Instagram group to likewise use the best experiences for sharing beautiful mobile pictures with individuals based on your passions.

Our company believe these are different experiences that enhance each other. However in order to do this well, we need to be conscious about keeping and building on Instagram's toughness and attributes rather than just attempting to integrate every little thing into Facebook.

That's why we're devoted to structure and expanding Instagram individually. Countless people around the world love the Instagram app and the brand name associated with it, and our objective is to help spread this app and also brand to much more individuals.

We think the reality that Instagram is attached to various other services beyond Facebook is a fundamental part of the experience. We plan on keeping functions like the capacity to upload to various other social media networks, the ability to not share your Instagrams on Facebook if you desire, and the capability to have fans and also adhere to people independently from your buddies on Facebook.

These and numerous other features are very important parts of the Instagram experience and we recognize that. We will try to gain from Instagram's experience to build comparable features right into our various other items. At the same time, we will try to aid Instagram remain to expand by using Facebook's strong engineering group as well as infrastructure.

This is a crucial landmark for Facebook due to the fact that it's the very first time we have actually ever gotten an item and also company with numerous customers. We do not plan on doing many more of these, if any type of in any way. However giving the best image sharing experience is one reason why many individuals enjoy Facebook and we understood it would be worth bringing these two firms together.

We're looking forward to collaborating with the Instagram team as well as to all of the great new experiences we're going to be able to construct together.